On january 25 coot company has 430000 deposited with a

Reference no: EM13569751

On January 25, Coot Company has $430,000 deposited with a local bank. On January 27, the company writes and mails checks of $38,000 and $78,000 to suppliers. At the end of the month, Coot's financial manager deposits a $63,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $38,000 payment of the 27th has cleared the bank. What is the company's ledger balance and available balance with its bank? What is the available Balance $?

Reference no: EM13569751

Questions Cloud

Paymore products places orders for goods equal to 80 of its : paymore products places orders for goods equal to 80 of its sales forecast in the next quarter. the sales forecasts for

Jj technology company which operates a chain of 30 : j.j technology company which operates a chain of 30 electronics supply stores has just completed its fourth year of

The cost of production is 99 locust sells its packages on : locust software sells computer training packages to its business customers at a price of 105. the cost of production is

A firm offers terms of 335 net 50 currently two-thirds of : a firm offers terms of 335 net 50. currently two-thirds of all customers take advantage of the trade discount the

On january 25 coot company has 430000 deposited with a : on january 25 coot company has 430000 deposited with a local bank. on january 27 the company writes and mails checks of

He accounts receivable clerk for wigs plus prepared the : wigs plus company supplies wigs and hair care products to beauty salons throughout california and the pacific

Company x sells on a 120 net 90 basis customer y buys good : company x sells on a 120 net 90 basis customer y buys good with an invoice of 2500. what is the effective annual rate

Paymore products places orders for goods equal to 75 of its : paymore products places orders for goods equal to 75 of its sales forecast in the next quarter. the sales forecasts for

Grayson bank agrees to lend the trust company 100000 on : grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the

User Account

All Pages