What is the cash balance per books at November 30, 2021? PCC Corp. had the following bank reconciliation at October 31, 2021:Balance per bank statement, October 31, 2021P46,500Add: Deposit in transit10.300P56,800Less: Outstanding checks12,600Balance per book, October 31, 2021P44,200Data per bank statement for the month of November, 2021 follow:DepositsP58,400Disbursements49,700All reconciliation items at October 31, 2021 cleared through the bank in November. Outstanding checks at November 30,2021 totaled P7,500.

Ideally cash balance as per cash book and bank balance as per bank statement should reconcile with…

Answered: What is the cash balance per books at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What should be reported as cash and cash equivalents on December 31, 2021?
2.3. Thor Company provided the following data on December 31, 2019: Checkbook balance: 4,000,000 Bank statement balance: 5,000,000 Check drawn on Thor's account, payable to supplier, dated and recorded on December 31, 2019 but not mailed until January 15, 2020: 500,000 Sinking fund cash: 2,000,000 On December 31, 2019, what amount should be reported as "cash" under current assets? a. 4,500,000 b. 5,500,000 c. 3,500,000 d. 6,500,000 ŵ
How about these questions: 1. How much is the balance of Account Receivable at December 31, 2021? 2. How much is the Contract Asset/Liability at December 31, 2021?
2021 Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities 2022 2021 Cash Accounts receivable Inventory $ 31,982 58,781 131,971 $ 41,399 Accounts payable $ 193 Total $ 222,734 79,139 198,632 $ 319,170 Notes payable 88 Total $ 281 Long-term debt $ 244 Owners' equity Fixed assets Net plant and equipment Total assets $ 657,447 $ 880,181 $ 589,328 $ 908,498 Common stock and paid-in surplus Accumulated retained earnings Total $ 211 143 $ 354 Total liabilities and owners' equity $ 880 Suppose that the Bethesda Mining Company had sales of $2,186,873 and net income of $106,381 for the year ending December 31, 2022. Calculate ROE using the DuPont identity. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent.…
prepare the adjusted cash book account. prepare a Bank Reconciliation Statement as at 31 December 2020. state three reasons of dishonored cheques.
How much should be the adjusted Cash in Bank balance as of December 31, 2020? The December 31, 2020 trial balance of Hero Company included the following accounts: Cash on hand 500,000 Petty cash fund P 20,000 Security Bank current 1,000,000 account PNB current account 350,000 BSP treasury bill - 60 days 3,000,000 BPI time deposit - 30 days 2,000,000 Details are as follows: 1. The cash on hand included a customer postdated check of P100,000. 2. The petty cash fund included unreplenished petty cash vouchers for P2,000 and an employee check for P3,000 dated January 31, 2021. 3. A check for P200,000 was drawn by the company against its Security Bank account, dated January 15, 2021, delivered to the payee and recorded on December 29, 2020. 4. The BPI time deposit is set aside for acquisition of land to be used as a factory site. What total amount of cash and cash equivalents should be reported in the statement of financial position on December 31, 2020?
10. Creditors' Cash Flows. On the statement of financial position on December 31, 2018, non-current liabilities were $1,350,000, and on the statement of financial position on December 31, 2019, non-current liabilities were $1,470,000. In the 2019 statement of comprehensive income, interest expense was $97,500. What is the creditor's cash flow in 2019? 11. Cash flow to shareholders. In the statement of financial position on December 31, 2018, common stock capital was $120,000 and capital surplus was $2,289,000. On the December 31, 2019 statement of financial position, the respective items were $137,000 and $2,568,000. If a cash dividend of $149,500 was paid in 2019, what was the shareholder's cash flow for that year?
How do I find the ROA (return over assets for year 2021 and 2020?
If we prepare financial statement for 31 december 2021, what should we enter in balance sheet and comprehensive income statement about this transaction? Cash at bank includes EURO 5,000. Currency rate on 31 December 2021 was 1.2EUR/1USD, currency rate on the date of trial balance preparation was 1.25EUR/1USD
What is the adjustment balance of cash in bank of Mickey Mouse Corporation in December 2020?
Using the following information, determine the adjusted book balance. Book balance: $5,424 Deposits in transit: $1,025 Outstanding checks: $536 Interest income: $117 NSF check: $352
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