Reference no: EM132841401
The following is information about Full Moon Auto Repairs cash and related accounts at December 31, 2017:
1. Postdated cheques from customers total $5,500. The cheques are dated January 31, 2018.
2. The petty cash box contains $500 cash.
3. The company has a savings account with a balance of $5,250 after all adjustments are recorded.
4. The company has guaranteed investment certificates totalling $10,000 due in 30 days.
5. The company maintains a cash float of $1,000 for use in the cash registers and which is stored in a locked safe overnight. On December 31, the cash custodian lent the senior manager $100 from the cash float, leaving an "IOU" note in the safe.
6. The chequing account is overdrawn, showing a negative balance of $12,400 after all adjustments.
Instructions
Problem 1: Calculate what amount of cash and cash equivalents that will be reported on Full Moon's December 31, 2017 balance sheet.
|
Explain the term literature review
: Explain the term "Literature Review" and its objectives/importance/limitationsto research
|
|
The importance of priority order of steps
: The importance of the priority order of the steps in the screening process. What is cluster analysis and why is it used.
|
|
Explain one piece national piece of legislation
: Explain one piece national piece of legislation and one local piece of legislation which is relevant to financial management in the organisation.
|
|
Prepare the journal entry to record the replacement
: Prepare the journal entry to record the replacement of the hot tubs returned under warranty in 2020, Ignore taxes for this entry
|
|
Calculate what amount of cash and cash equivalents
: Full Moon Auto Repairs, Calculate what amount of cash and cash equivalents that will be reported on Full Moon's December 31, 2017 balance sheet.
|
|
Write explanation of some beliefs and traditions of culture
: Explanation of the key attributes of the culture's music, including melody, harmony, timbre, texture, rhythm and form. (If the style of music you choose does).
|
|
What is the total amount in the common shares account at dec
: What is the total amount in the common shares account at December 31, 2020? Icon Corp. was organized on January 1, 2020, with 300,000 no par value common share.
|
|
Conducting illegal and unethical activities
: -Why are business executives, managers, and employees repeatedly being caught conducting illegal and unethical activities?
|
|
How effective was the communication message
: Time to explore! Find a communication message about a health outbreak (this can be past or present) and include the link in your post. What is the health issue.
|