User Account

All Pages

Find how much should be reported as cash on december

Assignment Help Financial Accounting
Reference no: EM132796934

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 account2 2,500,555

Cash in bank D - savings account 2,000

Cash in bank E - checking account1 676,777

Cash in bank F - managerial payroll account 711,711

  1. Set aside for plant expansion planned to start on January 15, 2020
  2. Used on February 14, 2020 to buy land

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

Reference no: EM132796934

Questions Cloud

How much should be included in its cash on december : How much should be included in its Cash on December 31, 2018? Company A has the following checks representing collections on December
Calculate covariance between returns of stock a-stock b : Given the returns and probabilities for the three possible states listed here, calculate the covariance between the returns of Stock A and Stock B.
Determining the minimum expected annual return : In order to fund her retirement, Michele requires a portfolio with an expected return of 0.10 per year over the next 30 years.
How they feel about the term english language learner : Discuss with students how they feel about the term English language learner. Do you agree with the author's use of the term English language learner?
Find how much should be reported as cash on december : How much should be reported as cash on December 31, 2019? Cash in bank A - rank and file payroll account 200,000.Cash in bank B - savings account 123,456.
How much does the firm have in net fixed assets : Sales are $4,440, the profit margin is 9.5 percent, and the return on equity is 19.5 percent. How much does the firm have in net fixed assets?
Compute the amount to be repaid by borrower : 1. A loan of 10,000 has been issued for 6-years. Compute the amount to be repaid by borrower to the lender if simple interest is charged @ 5% per year.
Japan surging samurai bond market : Following the implosion of Japan's stock market and real estate bubbles in the early 1990s, the country had to contend with a decade of poor economic
Establish a production cost worksheet : Direct materials are added at the beginning of the process. Establish a production cost worksheet if spoilage is recognized and the weighted-average method

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine present value of investment using interest rate

Find and Determine the present value of this investment using a 7% annual interest rate. (Round your answer to the nearest whole dollar.)

  If we were to look at an incomplete unit at end of any

if we were to look at an incomplete unit at end of any provided department would we expect to see a difference in the

  Key element of economics

Select the one “Key Element of Economics” that you believe is the most important thing someone just learning about our economic system should know. Explain the concept in simple terms, providing examples of the favorable things that can happen when t..

  Journalize the entries to record the may transactions

On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: Preferred 2% Stock, $50 par (240,000 shares authorized, 84,000 shares issued) $4,200,000 Paid-In Capital in Excess o..

  Difference between adjusting entries and correcting entries

On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: a.The supplies account balance on March 31 is $5,620, the supplies on hand on March 31 are $1,290. What is the difference..

  Books parks and recreation perpetual care fund

The City of Ridgetown received a gift of $3,000,000 from a local resident on April 1, 2012 and signed an agreement that the funds would be invested on a permanent basis and the income would be used to maintain all of the city parks and recreation cen..

  An interest rate of nine percent

What is the future value of $1000 in fifteen years at an interest rate of nine percent?

  What administrative release deals with proposed transaction

What administrative release deals with a proposed transaction rather than a completed transaction?

  Performe an analysis of the financial statements

performing an analysis of the financial statements of a publicly traded company. Once you have obtained your company's financial statements, it is time begin your analysis.

  Prepare an amortization schedule for the interest

On January 1, 2014, Hatch Co. borrowed $210,000 cash from First Bank by issuing a five-year, 7 percent note. The principal and interest are to be paid by making annual payments in the amount of $51,217. Payments are to be made December 31 of each yea..

  Estimating size of required allowance for uncollectible

How might information in an aging schedule prove useful to management for purposes other than estimating the size of the required allowance for uncollectible

  Determine the unit product cost of one pound

Determine the total amount of manufacturing overhead cost assigned to the Kenya Dark coffee and to the Viet Select coffee for the year.

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