User Account

All Pages

What is the correct balance of cash in bb as of december

Assignment Help Accounting Basics
Reference no: EM133154471

Question - The cash in bank of AA Company in BB (Bank) had a balance per book of P1,920,000 as of December 31, 2022.

The details below are related to BB Bank account:

A P66,800 customer's check payable to the company, dated January 3, 2023, with O.R. no. 18932 was included in the December 31 balance.

An P18,000 check payable to a supplier dated January 2, 2023 was released on December 28, 2022 and recorded on this date

A customer collection during December amounting to P345,000 was recorded by the accountant at P354,000.

Outstanding checks as of December 31, 2022 amounted to P238,500 were recorded as disbursements from the cash in BB Bank account.

Required - What is the correct balance of cash in BB as of December 31, 2022?

Reference no: EM133154471

Questions Cloud

What are two methods to collect data : What are three challenges with collecting accurate data in the quality control process?
Training and learning opportunities into work activities : 1.As a manager of fast food chain what are the appropriate targets and task objectives in a fast food chain.
Leadership-participation submission : The Leadership & Participation submission is due at the end of Session 12.
Find a ted talk video online about entrepreneurship : Find a ted talk video online about entrepreneurship. provide the link to the video. The video needs to be at least 20 minutes. summarize the video. After that,
What is the correct balance of cash in bb as of december : A customer collection during December amounting to P345,000 was recorded - What is the correct balance of cash in BB as of December
Identify an unethical business issue : 1. Identify an unethical business [practices]issue. Be very specific and cite the reference.
How does client profile information help an organisation : How does client profile information help an organisation to better communicate with its clients?
Post the entries to t-accounts year one : Sun Corporation completed the following transactions during its first two years of operation. Post the entries to T-accounts Year one
Important aspect of client relations : Why is setting specific client loyalty objectives an important aspect of client relations?

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