What is somerset adjusted cash balance

Assignment Help Accounting Basics
Reference no: EM131866019

Question - Somerset Company's Cash account shows an ending balance of $ 760. The bank statement shows a $ 29 service charge and an NSF check for $ 130. A $ 270 deposit is in transit, and outstanding checks total $ 450. What is Somerset's adjusted cash balance?

Reference no: EM131866019

Questions Cloud

What is sahara adjusted cash balance : A $280 deposit is in transit, and outstanding checks total $430. What is Sahara's adjusted cash balance
Write rhetorical analysis based on playing with prejudice : ENG101 - write a rhetorical analysis based on "Playing with Prejudice: The Prevalence and Consequences of Racial Stereotypes in Video Games.
What does it mean to manage to the mission : What does it mean to "manage to the mission?" That is, how are management and accountability different within nonprofit and voluntary organizations?
Diagnosis of bacterial meningitis : Joe, a 15-year-old male, was admitted to the ED with photophobia, neck pain, and a skin rash. A lumbar puncture produced cloudy CSF and led to a diagnosis
What is somerset adjusted cash balance : A $ 270 deposit is in transit, and outstanding checks total $ 450. What is Somerset's adjusted cash balance
What is the firms horizon or continuing value : Hart Enterprises recently paid a dividend, D0, of $2.00. What is the firm's horizon, or continuing, value? Round your answer to two decimal places
How does antibiotic resistance develop : How does antibiotic resistance develop? What complications can occur from antibiotic resistance, both in humans and in livestock?
What is the expected return of the portfolio : Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom. What is the expected return of the portfolio?
What cause multiple sclerosis : What cause multiple sclerosis and how does it affect the nervous system? What are the treatments and how many treatment options

Reviews

Write a Review

Accounting Basics Questions & Answers

  Case study of locust corporation

Locust Corporation desires to set up a distribution facility in a southern state. After considerable negotiations with a small town in Alabama , Locust accepts the following offer: land (fair market value of $3million) and cash of 1million.

  What is the ethical dilemma for devers

What, if any, is the ethical dilemma for Devers? Should Devers's knowledge of the compensation plan be a factor that influences her estimate?

  Regal products has a budget of 900000 in 20x3 for

regal products has a budget of 900000 in 20x3 for prevention costs. if it decides to automate a portion of its

  Incremental cost associated with producing

What is the incremental cost associated with producing an extra 50,000 jars of salsa. What is the incremental cost associated with the price reduction of $0.30 per jar?

  The companys accountant is trying to decide whether to

records of the genesis corporation reveal the following information about inventory during the year.january 1 beginning

  Which one of the following would be the same total amount

which one of the following would be the same total amount on a flexible budget and a static budget if the activity

  What is the before-tax cost of debt for olympic

Olympic Sports has two issues of debt outstanding. What is the before-tax cost of debt for Olympic? What is Olympic's after-tax cost of debt

  Construct a flexible budget performance report

Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in this department

  Audit dispute or take the issue to court and tax litigation

You are asked to research the tax issue so the Company can decide whether to settle the audit dispute or take the issue to court and tax litigation

  Why should hanson inc accept the offer

If the outside supplier offers to sell prositrons for $425 each, should Hanson, Inc. accept the offer? Fully support your answer with appropriate calculations.

  X company uses a fifo inventory system the actual cost of

x company uses a fifo inventory system. the actual cost of direct materials and direct labor is used to value labor and

  Some time ago julie purchased eleven acres of land costing

some time ago julie purchased eleven acres of land costing 14090. today that land is valued at 33909. how long has she

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