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 do journalize the issuance of the stock

How do journalize the issuance of the stock? On May 10, Blue Spruce Corporation issues 2,050 shares of $10 par value common stock for cash at $20 per share.

  What is mistys income from continuing operations

Misty Company reported the following before-tax items during the current year: What is Misty's income from continuing operations

  Connor companys budgeted prices for direct materials direct

connor companys budgeted prices for direct materials direct manufacturing labor and direct marketing distribution labor

  What is the meaning of internal control

Question - What is the meaning of "internal control" in the context of accounting? What are five examples of internal control procedures

  Make the journal entry at the date of the bond purchase

On January 1, 2020, Sarasota Company purchased 10% bonds having a maturity value of $220,000, Make the journal entry at the date of the bond purchase

  Determine Lori total cost recovery deduction

Determine Lori's total cost recovery deduction if the § 179 expense is first taken with respect to the 5-year class asset

  Compute work in process inventory on june 30

Records for Claire's Manufacturing contained the following data and Compute: A) Work in process inventory on June 30? b) Finished goods inventory on June 30?

  Madison companys variable costs are 25 of sales its

madison companys variable costs are 25 of sales. its selling price is 150 per unit. if weed sells one unit more than

  Calculate the value of the investment of Lovren Ltd

Calculate the value of the investment of Lovren Ltd disclosed in the consolidated financial statements as at 30 June 2020. Show your workings

  What was his overtime premium pay for this workweek

Question - Carmen Gaetano worked 46 hours during this payweek. What was his overtime premium pay for this workweek

  What type of account is cash

What type of account is Cash? Your choices are asset, contra asset, liability, stockholder's equity, contra stockholder's equity, revenue, or expense

  Cindy neuers regular hourly wage rate is 16 and she

cindy neuers regular hourly wage rate is 16 and she receives an hourly rate of 23 for work in excess of 40 hours.

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