User Account

All Pages

What is the total bank disbursements in december

Assignment Help Accounting Basics
Reference no: EM132786982

In connection with your audit of the cash account of Mactan Corp., you have obtained the following information.

a. Balance per bank, December 1, 2020 P145,000
b. Total bank receipts (credits) in December 346,000
c. Balance per bank, December 31, 2020 114,500
d. Outstanding checks, Nov. 30, 2020
(including P12,000 paid by the bank in December) 67,000
e. Outstanding checks, December 31, 2020
(including checks issued in November) 94,162
f. Deposit in transit, November 30, 2020 39,458
g. A customer's check received on December 4, 2020 was returned by bank on December 7 marked "NSF". It was redeposited on December 8, 2020. The only entry made was to take up the collection on December 4, 2020. 11,143

Problem 1. What is the total book receipts in December?

Problem 2. What is the total bank disbursements in December?

Reference no: EM132786982

Questions Cloud

What amount would be expensed : What amount would be expensed? The company is confident in getting FDA approval for this new shot and in making profits out of the shot.
What are the risks to an organisation : Identify both the advantages and disadvantages for undertaking this. What are the risks to an organisation if this process is not in place?
What are journal entries for sale and related cost of goods : Crane sold 90 washer/dryer units without installation, What are the journal entries for the sale and related cost of goods sold on June 1, 2020?
How has civil rights movement shaped todays culture : What and who were the key events, individuals, and methods effecting civil rights change in your chosen movement since World War II?
What is the total bank disbursements in december : What is the total bank disbursements in December? A customer's check received on December 4, 2020 was returned by bank on December 7 marked "NSF".
Is there are way to write history that is not boring : Is there are way to write history that isn't boring? We think so - and I am sure you can too. Meme's are one of these powerful mechansims - they convey meaning
What have been the causes of the hostility : What were the major ways in which Hafiz al-Assad and Saddam Husayn differed? What have been the causes of the hostility between Iran and the United States?
Discuss one key accounting issue related to a fixed asset : A fixed asset typically goes, For each of these stages of the life cycle, discuss one key accounting issue related to a fixed asset the company must address.
Which should be business type of activities and why : Which should be business type of activities and why. Try to challenge each other by looking at how some might argue that the business activities

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