What is the amount of outstanding checks at the end of June

Assignment Help Accounting Basics
Reference no: EM133072432

Question - In the month of May, Bramble Company Inc. wrote checks in the amount of $56900. In June, checks in the amount of $75500 were written. In May, $50700 of these checks were presented to the bank for payment, and $67000 in June. No checks were outstanding at May 1. What is the amount of outstanding checks at the end of June?

Reference no: EM133072432

Questions Cloud

Create an advertising brochure : Find the occupational profile for a university professor teaching psychology and Using information provided by the job profile, create an advertising brochure
How do we get the projected revenue and growth : How do we get the projected revenue and growth? Which percentage or calculation do we use?
Negotiation strategy the planning process : List the ten key steps to implement the Negotiation Strategy "The Planning Process" and describe two of them.
What is the value a 12-month american put option : What is the value a 12-month American put option with a strike price of 980 given by a two-step binomial tree.
What is the amount of outstanding checks at the end of June : Question - In the month of May, Bramble Company Inc. wrote checks in the amount of $56900. What is the amount of outstanding checks at the end of June
Does the central bank tighten or loosen monetary policy : What is the money supply generated from $1000 initial deposit under the new reserve ratio? Does the central bank tighten or loosen monetary policy?
Obtain the input data required : Obtain the input data required, ensuring to verify that it is relevant for workplace calculations. Provide copies of this data.
Personal leadership philosophies : Develop and submit a personal leadership philosophy that reflects what you think are characteristics of a good leader.
Important part of the assessment process : 1. If you are in a State or Territory that FHOGs are available to both forms of home purchasing, choose a new home acquisition (Block 'n' Build) option for your

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make journal entries to reflect the revaluation of the asset

Make journal entries to reflect the revaluation of the asset and the subsequent depreciation of the revalued asset

  What is the amount that the shareholder may deduct

What is the amount that the shareholder may deduct on his personal income tax return, assuming the at-risk and passive activity rules do not apply

  Record transaction in the street improvement debt service

Record this transaction in both the Street Improvement Debt Service Fund and the governmental activities general journals. For the entry

  On january 1 pete bought a used a used turck for 14000 he

the following events toook place at petes painting company during 2010.a on january 1 pete bought a used a used turck

  Identify three major categories of transactions

Identify three major categories of transactions that may result in increases in cash, and state a general conclusion about the circumstances

  Explain the going concern assumption

Explain the going concern assumption. What is the significance of the going concern assumption to the client management and to the auditor

  Prepare the journal entries to record the interest revenue

On January 1, 2017, Teal Company purchased 12% bonds, having a maturity value of $325,000, Prepare the journal entries to record the interest revenue

  Prepare the journal entry to record this transaction

Prepare the journal entry to record this transaction on January 2, 2017, Credit account titles are automatically indented when amount is entered

  What is the intercept and explain its meaning

What is the value of the regression coefficient,r? What is the value of the coefficient of determination, r^2? What does r^2 tell us?

  Compute weighted average cost at the end of first quarter

Compute the Weighted Average Cost (WAC) at the end of the first quarter: and the allocation to the cost of goods sold and ending inventory

  Find beginning inventory which completed during period is

Department G had 1,920 units 25% completed at the beginning. The total cost of 1,920 units of beginning inventory which were completed during the period is

  Prepare the stockholders equity section

Johnson Corporation is authorized to issue 1,000,000 shares of $5 par value common stock. Prepare the stockholders equity section

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