User Account

All Pages

What amount of cash should Hechter Co report

Assignment Help Accounting Basics
Reference no: EM132592505

Question - Hechter Company's checkbook balance as of December 31, 2020 was P1,750,000. On the same date, Hechter had the following items on its safe, together with 18 blank checks:

a. A P70,000 check payable to Hechter Co., dated January 2, 2021 that was included in the December 31 checkbook balance.

b. A P300,000 check payable to a supplier and drawn on Hechter Co.'s account that was dated and recorded December 31 but not mailed until January 3, 2021.

What amount of cash should Hechter Co. report on its December 31, 2020 statement of financial position?

Reference no: EM132592505

Questions Cloud

What is odontology and muscles : What is odontology? What information can be obtained from the skeleton with regard to growth? What are the major muscles in the face, and what do they control?
Identifies the key personnel who will implement the plan : You are the Chief HR Officer for a credit union in the panhandle of Florida. The board recently hired a new President, who conducted a review of current.
Do believe the audit firm should have to rotate off : Do you believe that the Section 203 of SARBOX provision law goes far enough? That is, do you believe the audit firm itself (and not just the partner)
What will france per capita real gdp be in 2045 : 1. What will France's per capita real GDP be in 2045? 2. What will Korea's per capita real GDP be in 2045?
What amount of cash should Hechter Co report : Hechter Company's checkbook balance as of December 31, 2020 was P1,750,000. What amount of cash should Hechter Co report
Explain the meaning of the lac curve of a constant : Explain the meaning of the LAC curve of a constant LAC or economy
Explain the meaning of the lac curve for extended economies : Choose a contemporary business and discuss two factors that bring about the disecomonies using a LAC diagram?
Find what rate would the bank offer a customer : The Bank of Loans uses the rating scheme to classify, What rate would the bank offer a customer who is in the lower medium grade risk class?
Calculate-mpc and mps and the multiplier : 1) Calculate, MPC and MPS and the multiplier. Explain concepts of all of them.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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