User Account

All Pages

What is the total amount should be reported as cash

Assignment Help Accounting Basics
Reference no: EM133136956

Question - Suga Corp. had a checkbook balance on December 31, 2021 of 10,000,000 and held the following items in the safe:

Check payable to Suga, dated January 4, 2021, included in the December 31 checkbook balance: 3,000,000

Check payable to Suga, deposited December 20 and included in the December 31 checkbook balance but returned by bank on December 30, stamped NSF. The check was redeposited on January 2, 2022 and cleared January 3, 2022: 1,000,000

Check drawn on Suga's account and payable to contractor, dated and recorded December 31 but not mailed until January 15, 2022: 1,500,000

Cash on hand - undeposited collections: 500,000

Change fund: 10,000

Time deposit for plant expansion: 1,000,000

Treasury bill: 2,500,000

Money market placement: 3,000,000

Postage stamps: 5,000

Required - What is the total amount should be reported as cash on December 31, 2021?

Reference no: EM133136956

Questions Cloud

Why the change effort at ge failed : Question#1 By Use Kotter's model to explain why the change effort at Microsoft succeeded
What factors do you need to take into consideration : List and explain two factors that will be important for you to make this decision? Meaning, as the COO, what factors do you need to take into consideration
Determine if they are ready to move into a new position : In todays labour market do you think it is more or less important to have a succession plan? Do you think a company should prioritize the competencies the emplo
Why the new pay system is not working : Read the Alliston Instruments case in the appendix of your course text (in TopHat see "Appendix: Cases for Analysis").
What is the total amount should be reported as cash : Check payable to Suga, dated January 4, 2021, included in the December 31 checkbook balance: 3,000,000. What is the total amount should be reported as cash
Outline and describe any legal contractual issues : Outline and describe any legal contractual issues in relation to Audrey's booking with "XYZ Tours" and whether or not she/NSW Wealth Managers Association
Internal environment of one of chipotle competitors : Consider Chipotle's competitors. How does Chipotle's internal environment compare to the internal environment of one of Chipotle's competitors?
Calculate the internal rate of return of the project : The project would require an initial expenditure of $500,000. Calculate the internal rate of return (IRR) of the project
Calculate abc basic and diluted eps : Each convertible bond can be converted into 10 common shares. Assume a tax rate of 30%, calculate ABC's basic and diluted EPS

Reviews

Write a Review

Accounting Basics Questions & Answers

  Harrington company is giving each of its employees

Harrington Company is giving each of its employees a holiday bonus of $250 on December 20 (a non pay day). The company wants each employee's check to be $250.

  Prepare the company direct labour budget

Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter

  Outline the auditors responsibilities in respect of power

Black Pty Ltd (Black) is a mining company with a June 30th balance date. For financial reporting purposes, the directors of Black have determined.

  Joes supply co has the following transactions related to

joes supply co. has the following transactions related to notes receivable during the last 2 months of 2014. nov. 1

  What is dons stock basis after the distribution

who has a stock basis of $112,500. What is Don's stock basis after the distribution

  Problem regarding the appropriate terminal degrees

University policy prohibits classes with more than 15 students (unless special permission is obtained from the provost), and the target class size is 25 students. All courses are taught by tenure-track faculty members with appropriate terminal deg..

  Cost of foregoing cash discount

Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount?

  Discuss what is the allocated cost of the sold items

What is the allocated cost of the sold items. The company allocates joint costs on a value basis

  Contractors upon successful completion of the projects

Deposits of $ 93,750 were returned to contractors upon successful completion of the projects on which they had been working. In addition, these contractors received $ 8,750 of earnings on their deposits.

  On april 2 2011 idaho mining co pays 3506670 for an ore

on april 2 2011 idaho mining co. pays 3506670 for an ore deposit containing 1417000 tons. the company installs

  What is the nature of a liquidating dividend

What is the nature of a liquidating dividend? How does the accounting treatment of it differ from a regular cash dividend

  What is the cost of the given units

Refer to the information in QS 6-1 and assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned.

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