How much is the adjusted balance per book and bank

Assignment Help Accounting Basics
Reference no: EM133059607

Question - The Treasury Accounts-MDS, Regular account of Agency ABC as of December 31, 2020, had the following transactions: Outstanding Check P25,850, Bank Charges P4,750, Overstatement of MDS Account due to erroneous recording of NCA (with ARO) received P150,000, Overstatement of MDS Account due to erroneous recording of the amount of check issues issued P20,000, Understatement of NCA for regular recorded by bank P800,000, Lapsed NCA for regular account with ARO P420,000, Understatement of MDS Account due to erroneous recording of the amount of checks issued P8,000, NCA received by bank but not recognized by the Agency P543,210. Agency Book Balance P11,043,540, Balance per Bank P10,225,850. How much is the Adjusted balance per book and bank?

Reference no: EM133059607

Questions Cloud

What is bill marginal tax rate : 1) What is Bill's marginal tax rate on capital gains? What is Jasper's marginal tax rate on capital gains?
Explain how the investor is taxed : The investor sells the share in the fund during 2020 for $59 per share. Explain how the investor is taxed
Monthly interest rate computation : If the annual simple interest rates are i = 6 percent in the United States and iE = 4 percent in Germany. After one month using a monthly interest rate computat
What is the total amount : Suppose yamini $3,000 from her mother, agreeing to pay him back the $3,000 plus 5 percent nominal interest in 1 year. Assume inflation over the life of the cont
How much is the adjusted balance per book and bank : Agency Book Balance P11,043,540, Balance per Bank P10,225,850. How much is the Adjusted balance per book and bank
Determine the interest rate parity : Which of the following statement about the covered interest rate parity (CIP) is more accurate?
What is the projected sales price : 1. Sales Price should be calculated using Year Net Operating Income capped at 5%
What is the present value of an eight-year annuity : What is the present value of an eight-year annuity of $1,200 growing at a rate of 4% if the interest rate is 10% and the first payment is made at end of year
Explain purpose of testing the client bank reconciliation : Joe was reviewing the bank reconciliation with you when unfortunately you spilled your coffee on it. Explain purpose of testing the client bank reconciliation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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