Reference no: EM132819463
While checking the cash accounts of Gabu Company on December 31, 2020, the following information is available:
Balance per book 6,500,000
Balance in checking account (outstanding checks per book of P1,660,000) 7,000,000
Deposit in bank closed by BSP 1,500,000
Deposit in transit 1,200,000
Currency and coins on hand 400,000
Petty cash fund 50,000
Bank charges not yet taken up in the book 10,000
Bond sinking fund cash 1,000,000
Receivables from employees 100,000
Error in recording a check in the book. The correct amount as paid by the bank is P100,000 instead of P150,000 as recorded in the book or a difference of 50,000
Problem 1: What is the total amount of cash to be reported under current assets on December 31, 2020?
a. 6,540,000
b. 6,990,000
c. 7,990,000
d. 8,490,000
|
Compute depreciation under the straight-line method
: Silverman Company, the machinery produces 20,000 units. Compute depreciation under the straight-line and double-declining-balance methods.
|
|
Post the transactions into the appropriate T accounts
: The following transactions took place at Willis Counseling Services, a business established by Raymond Willis. Post the transactions into appropriate T accounts
|
|
Identify agency for which you will develop a strategic plan
: Identify the agency, organization, or community for which you will develop a strategic plan. State whether the agency, organization, or community exists at the.
|
|
What external threats are facing by the canopy growth
: Q.1) How does the "Canopy Growth" company fit into the cannabis industry overall? Q.2) What external threats are facing by the Canopy Growth?
|
|
What is the total amount of cash to be reported
: What is the total amount of cash to be reported under current assets on December 31, 2020? Deposit in bank closed by BSP 1,500,000
|
|
Public distributed computing research project
: Describe how using your own computer at home or at work would be different if your computer was on a grid, also research distributed computing projects
|
|
What are the different belts and length of time
: Do you plan to go on an learn Six Sigma and if you do or don't Google the requirements to see what are the different belts and length of time it takes.
|
|
What is the adjusted cash in the bank on april
: What is the adjusted cash in the bank on April 30? All deposits in transit and outstanding checks have been properly recorded in Letty Company books
|
|
What was the company total common equity
: Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. What was the company total common equity
|