ACCOUNTING F/GOV.+NON...(LL)
ACCOUNTING F/GOV.+NON...(LL)
18th Edition
ISBN: 9781266785580
Author: RECK
Publisher: MCG
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Chapter 1, Problem 10Q
To determine

Identify the reasons for classifying the costs separately by the not for profit organizations and the users of such information.

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4 PTS
Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement, 3/31/25 Add: Deposit in transit $82000 22200 104200 Less: Outstanding checks 26600 Balance per books, 3/31/25 $77600 Data per bank for the month of April 2025 follow: Deposits $86200 Disbursements 96600 All reconciling items at March 31, 2025 cleared the bank in April. Outstanding checks at April 30, 2025 totaled $15000. There were no deposits in transit at April 30, 2025. What is the cash balance per books at April 30, 2025? ○ $56600 Ⓒ $67200 ○ $71600 ○ $78800
On January 1, Crestview Finance lends a corporate client $195,000 at an annual interest rate of 6.8%. What is the amount of interest revenue that should be recorded for the quarter ending March 31?
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