Chapter 9, Problem 9.18P

Could you explain the steps for solving this financial accounting question accurately?

What are the budgeted purchases for the first quarter?

Hello teacher provide answer with calculation

Summarize the financial components included in the current assets and liabilities section of the Balance Sheet for the given company. Explain why the balance sheet is arranged the way it is. Determine if the same asset or liability can have both short-term and long-term components and provide your rationale. Explain how variances in data can be detected for current assets and liabilities using relevant tools. Justify why footnotes for current assets and liabilities are important in decision making for the company. Include the following details in your response: Explain why the balance sheet amounts alone are not sufficient in providing the information needed in decision making. Explain why FIFO is the best choice for this given company. Cite the applicable FASB codification section for the following items as a list: cash and cash equivalents, inventory, and receivables.

Choice best answer wanted

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?

I need help solving this General accounting question with the proper methodology.