User Account

All Pages

Determine the balance in Atwood Cash account

Assignment Help Accounting Basics
Reference no: EM132901768

Question - Cash and Other Items - The following information has been extracted from Atwood Corporation's accounting records:

Cash on hand (undeposited sales receipts) $1,535

Certificates of deposit 25,000

Customer's note receivable 1,000

Reconciled balance in University National Bank checking account (350)

Reconciled balance in Second National Bank checking account 9,260

Balance in City Federal savings account 7,410

Customer's postdated check 980

Employee travel advances 1,200

Cash in bond sinking fund 8,300

Bond sinking fund investments 14600

Required - Indicate in two columns Items that are included as cash and Items that are not cash. Total the columns.

1. Determine the balance in Atwood's Cash account.

2. Discuss the balance sheet treatment of any items not included as cash.

Reference no: EM132901768

Questions Cloud

Ethics discussion : Although channels of distribution allow consumers and industrial users access to products from all over the world,
What is Bad Boys Inc cost of capital : If Bad Boys, Inc. raises capital using 30% debt, 5% preferred stock, and 65% common stock, what is Bad Boys, Inc.'s cost of capital
Types of curriculum impact students in different ways : Different types of curriculum impact students in different ways. Think about the following types of curriculum and their impact in the classroom:
Briefly summarize results from the intercultural sensitivity : Briefly summarize your results from the intercultural sensitivity quiz? what you learned about your cultural sensitivity to develop cultural humility?
Determine the balance in Atwood Cash account : Reconciled balance in University National Bank checking account (350). Determine the balance in Atwood's Cash account
Discuss whether management was committed to the project : Discuss whether management was committed to the project. Discuss whether or not fostering more cooperation was within the scope of the project.
Prepare journal entries to establish the fund on January : Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse fund and increase it to $330 on January 8
What social issues were taking place at the time : How do you see specific characters or elements from specific episodes fitting in with these important events and issues of the time?
Microeconomic data from public sources : You will demonstrate your ability to find microeconomic data from public sources and to make a simple spreadsheet in Excel.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the annual dividend on the preferred stock

Day Inc. has 4,207 shares of 4%, $100 par value cumulative preferred stock, What is the annual dividend on the preferred stock

  Indicate the function served by each procedure

Indicate the function served by each procedure. Identify an error or irregularity that may be prevented or detected by the control procedure

  What is the T-accounts

Question - What is the T-accounts, journal entry and trial balance of this question? March 2-paid the rent of the shop space for the month, P 4,500

  Calculate the expected break- even apr

Calculate the expected break- even APR (i.e., the APR at which the present value of annuity payments equals $1 million).expect to like for additional 20 year

  Calculate the company''s return on equity

S&J Plumbing, Inc.'s 2010 income statement shows a net profit before tax of $468, whereas the balance sheet that the company's equity for the fiscal year-end 2010 is $1,746. Calculate the company's return on equity and explain whether the managers..

  Prepare a simple journal entry

On March 3, 2010 he purchased laundry supplies for cash, P40,000 from Gaisano Mall. Prepare a simple journal entry with these following transactions

  Why should related party transaction be disclosed for a

why should related party transaction be disclosed for a nonprofit organization arent we all working towards the common

  How much of this money should zobart receive

However, the two remaining partners asked to receive the $31,000 that was then available. How much of this money should Zobart receive?

  Find the arbitrage price

Consider the CRR model of stock price S with T periods and parameters d

  Differentiate current liabilities to non-current liabilities

How are short term liabilities initially measured as per accounting standard? Differentiate current liabilities to non-current liabilities.

  What is probability of a stock-out on any given order cycle

If a manager sets the reorder point at 34, what is the probability of a stock-out on any given order cycle? If required, round your answer to four decimal place

  Prepare Bare Trees Company amortization schedule

On January 1, 2017, Bare Trees Company signed a three-year noncancelable lease with Dreams Inc. Prepare Bare Trees Company amortization schedule

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd