What was the amount of outstanding checks on June

Assignment Help Accounting Basics
Reference no: EM132557912

Question - Mazaya Company wrote checks totaling R.O.8,540 during May and R.O.9,325 during June. R.O.8,120 of these checks cleared the bank in May, and R.O.9,101 cleared the bank in June. What was the amount of outstanding checks on June 30?

a. R.O.690

b. R.O.644

c. R.O.615

d. R.O.635

Reference no: EM132557912

Questions Cloud

Norms of competition in the video game industry : In what ways did Nintendo's Wii break with the norms of competition in the video game industry? How defensible was its position?
Describe the four most common types of teams : List and describe the four most common types of teams likely to be found in today's organizations
What situations is the document used in : What situations is the document used in? Why is the document used? Four examples of information recorded in the document?
Develop an email business email format : Develop an email following Business Email Format addressed to your faculty discussing:
What was the amount of outstanding checks on June : Mazaya Company wrote checks totaling R.O.8,540 during May and R.O.9,325 during June. What was the amount of outstanding checks on June
Write a rationale for the big idea explaining : Write a rationale for the Big Idea explaining why you chose that big idea for the specific children in the group. This must be 3-5 sentences long
Established activities that innovation encompasses : Explain two established activities that Innovation encompasses?
Determine the cash balance per books : Deposits in transit 2,400; Bank service charge 40; NSF check 640. Determine the cash balance per books (before adjustments) for Mazaya Company
What position would take on speculative holdings : What position would take on Speculative Holdings? The firm has 10 million shares in issue and you estimate that would requires a return of 12% on investment.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd