User Account

All Pages

Find how much should be reported as cash on december

Assignment Help Financial Accounting
Reference no: EM132746120

Company A had the following account balances on December 31, 2019:

Cash in bank A - rank and file payroll account 200,000

Cash in bank B - savings account 123,456

Cash in bank C - checking account1 2,500,555

Cash in bank D - savings account 2,000

Cash in bank E - checking account2 676,777

Cash in bank F - managerial payroll account 711,711

1. Set aside for payment of bonds payable, acquired on October 14, 2014, due on December 31, 2020

2. Set aside for purchase of inventories

Problem 1: How much should be reported as cash on December 31, 2019?

Reference no: EM132746120

Questions Cloud

How much overhead cost would be assigned to Product : Setting up batches 38.50 per batch. How much overhead cost would be assigned to Product V91Z using the activity-based costing system
What are the risks associated with capital budgeting : What are the risks associated with capital budgeting, three that are the most significant risks.
Estimating the mean time repair : Estimating the Mean Time Repair (MTTR) a certain part on the subsystem
Business continuity and disaster recovery plan : Image yourself as an owner of a disaster recovery training company. You are attempting to secure a contract from company XYZ to train its disaster recovery team
Find how much should be reported as cash on december : Find how much should be reported as cash on December 31, 2019? Set aside for payment of bonds payable, acquired on October 14, 2014, due on December 31, 2020
Lean management and 6s for housekeeping : Lean Management and 6S for housekeeping in a factory setting
Does Maple Inc need to record impairment for this furniture : Does Maple Inc. need to record an impairment for this furniture? If so, show your work to explain why and provide the journal entry for the impairment
Explain the input and output of the diagram : Explain the input and output of the diagram in material requirement planning
The approaches to organizational design : The approaches to organizational design. Analyze the effects and applications of the various organizational structures and levels of authority

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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