User Account

All Pages

What the deposits in transit as of December

Assignment Help Financial Accounting
Reference no: EM132945272

Question - You gathered the following November 30 bank reconciliation from the cash records of the Thorgate Company in connection with your audit of the company's financial statements for the year 2016: Balance per bank P 560,000 Deposits in transit 123,200 Outstanding checks ( 160,000) Balance per books P 523,200 Results for the month of December follow: Bank Books Balance December 31 P692,000 P740,000 December deposits 400,000 464,800 December checks 320,000 248,000 December note collected (not included in deposits) 80,000 - December bank service charge 1,200 - December NSF check, returned by the bank (recorded by bank as a charge) 26,800 - 31. What the deposits in transit as of December 31, 2016?

Reference no: EM132945272

Questions Cloud

What is the expected capital gains yield : Consider four different stocks, A, B, C and D, What is the dividend yield for each of these four stocks? What is the expected capital gains yield?
How much more could he have earned : Bob invested $10,000 in an account that pays 6 percent simple interest. How much MORE could he have earned over a 9-year period
What is estimate of the current stock price for dapsa corp : What is your estimate of the current stock price? DAPSA Corp currently has an EPS of €5, and the benchmark PE for the company is 41.
What was most recent dividend per share paid on the stock : If the company maintains a constant 2 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
What the deposits in transit as of December : December NSF check, returned by the bank (recorded by bank as a charge) 26,800 - 31. What the deposits in transit as of December 31, 2016
Calculate what is the acquisition cost of the franchise : Brown Company can borrow at 10% for a loan of this type. Calculate what is the acquisition cost of the franchise
Prepare the appropriate journal entries for the transaction : The installation took place on June 3, 2021 and the balance of the contract was collected. Prepare the appropriate journal entries for the transaction
What rate of return do expect to earn on investment : Today you buy a 2 percent annual coupon bond for €1020. The bond has 10 years to maturity. What rate of return do you expect to earn on your investment?
What amount of the costs above is charged as expense : Old Room Co. purchased land and building for a lump-sum price of 48,000,000. What amount of the costs above is charged as expense

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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