Using Excel to Determine the Adjusted Cash Balance PROBLEM For the month of August, Pratt Company has the following information concerning its checking account at its bank. $ 9,500 $ 800 Cash balance per books, August 31 Outstanding checks Data from the bank statement Charge for printing Pratt Company checks Interest earned on checking account balance 35 40
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- View Assessment se data from Rollaird Live balance sheets, perform a Use Chapter 13 "Financial ture" as a guidance. g your numbers, use whole ation, and one decimal point een in the example below. The ht red if incorrect after clicking bottom right corner). Terminology Matching - Academic Resources EHCS380 Week 4 Horizontal and Vertical Analysis 00 multimedia.phoenix.edu b Answered: Terminology Matching Independent... | bartleby Accounts Receivable Inventory Total Assets DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 460,000 780,000 3,164,000 Example: Dec. 31, 2021 Accounts Receivable 2022 400,000 650,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner).…engageNOWv2 | Online teachir X * CengageNOWv2| Online teachir x .com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * A eBook Show Me How Accounts Receivable Analysis A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Previous Next Check My Work 11:16 AM 67°F Sunny A O E D a ) 12/3/2021 n sc hone backsoceLIUILLUM/ERt/Map/index.html?_con=con&external_browser=0&launchUrl=https%253A% t.mheducation.com%252F/activity/qu YouTube * Maps 5. In-Class Activity i Saved Help Save 8 Case A: Compute cash received for interest Interest revenue Interest receivable, beginning of year Interest receivable, end of year Case B: Compute cash paid for wages Wages expense Wages payable, beginning of year Wages payable, end of year $ 5,000 $ 9,000 600 2,200 |1,000 1,700 For each separate case, compute the required cash flow information for BioClean. Case A Cash received for interest Cash paid for wages Case B: 4 of 6 search fo トト & 7 8. 6. Y 00 立
- X SAM.gov | Home First Financial Bank Question 1- Week 5: X devry: Cost Managem X -Portal X M Inbox (17) - princessp: X X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com... A to Homework i Saved Help Save & Exit Check The following information is available for Brownstone Products Company for the month of July: Master Actual Budget Units 3,500 4,000 Sales revenue $ 54,300 $ 60,000 Variable manufacturing costs 10,000 16,000 Fixed manufacturing costs 13,000 14,000 Variable selling and administrative expenses 6,500 8,000 Fixed selling and administrative expenses 8,000 9,100 Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorable? es 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of…omework E X ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Ffayted User Management,.. https://outlook.off.. FES Protection Plan lomework Exercises Saved Select whether each of the following acCcounts normally has a debit balance or a credit balance: 1. Cash Debit 2. Blaine Brownell, Capital Credit 9:36 3. Fees income Credit 4. Accounts payable Credit 5 Supplies Debit 6. Equipment Debit 7. Accounts receivable Debit 8 Salaries expense Debit AddressO Mail - Edjouline X E Content - ACG2 X * CengageNOW. X O (58) YouTube * from Towards a X m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < ☆ STIOW Me TOW Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $410,000; Allowance for Doubtful Accounts has a credit balance of $3,500; and sales for the year total $1,850,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Check My Work Previous Next V O 11:51
- Create at least 3 transactions in one month for each specialized journalsi. Sales Journalii. Purchase journaliii. Return inwards journaliv. Return outward journalsv. Cash receipts journalsvi. Cash payment journalvii. General journalHome Insert Page Layout Formulas Data Review View Help - 10 - A A Insert v Σ Arial ab General EXDelete v BIU $- % 9 0 0 Conditional Format as Cell Sort & Formatting Table - Styles v Format v Filter oard Font Alignment Number Styles Cells Editing fr C D H. The following amounts summarize the financial position of Little Black Dog Inc. on May 31, 2021: В F G IJK L M N O P Q R S V W Assets Liabilities Shareholders' Equity %D Cash + Accounts Computers + + Supplies + Land Accounts + Note Salaries + Interest Common + Retained Receivable (net) Payable Payable Payable Payable Shares Earnings Balance 1820 700 70 8400 5600 2800 2590 During June 2021, the business completed these transactions: June 1: Received cash of $6300 and issued common shares. June 1: Bought two computers for a total of $5600 by paying $1400 down and signing a note payable for the rest. Interest of 5% to be paid with the note payable on June 1, 2022. The computers are expected to last 5 years. June 5: Performed services for…含 m Ne document/d/11qn3JrhFphZqFZrCf7vTe1m5k6CzPzQTI7VGITIH7Lg/edit Checking Register Practice D ☺ Tools Add-ons Help Last edit was 4 hours ago al text Arial BIUA c田回,三三三三 三 11 + 1 5. Enter the following transactions for the Month of September. You have a beginning balance of $1500.00 $456.23 September 2 September 4 September 7 September 11 Deposit Check #123 Rick's Running Shop -- Shoes Check #124 Jacob' Jamboree -- New Outfit Check # 125 JCP Department Store - Furniture $94.67 $45.23 $398.99 ATM Withdrawal (($2.00 Service Fee) Check # 126 High Point Clothing Store – Pet Clothes $50.00 $124.76 $498.75 September 13 September 14 September 16 September 21 September 25 September 27 Deposit Check # 127 Abigail's Archery Shop -- Arrows $185.99 Check # 128 Denise's Dance Studio -- Dance Lessons $203.77 Check #129 Michael's Pet Store -- Dog Food $49.99 September 30 Deposit 501.33 Payment / Debit Number or Deposit / Code Date Transaction Description Fee Credit Balance Beginning Balance 237.47…
- X Connect ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activit er 7 homework i Saved Help company's year-end balance in accounts receivable is $2,000,000. The allowance for uncollectible accounts had a beginning-of- year credit balance of $30,000. An aging of accounts receivable at the end of the year indicates a required allowance of $38,000. If bad debt expense for the year was $40,000, what was the amount of bad debts written off during the year? Bad debts written off ed ok t ncesLe Univ of Mass * Cengage D: A QuickLaunch K myCourses Da: x In Federa x UMassD Logor x ucation.com Saved ework View transaction list Journal entry worksheet 10 earch 近Assume that Silver Company has account receivable of $5,000 determined to be uncollectable, what journal entry is made to write off the uncollectable account? Example of Answer: Dr. Equipment 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px A ... O WORDS POWERED BY TINY Activate Windows «K Question 17 of 18 Go to Settings to activate Win A Moving to another question will save this response. Close Window 10 >