What was the january beginning cash balance

Assignment Help Accounting Basics
Reference no: EM131914866

Problem

During the month of February, Hoffer Company had cash receipts of $12,900 and cash disbursements of $14,900. The February 28 cash balance was $3,600. What was the January 31 beginning cash balance?

Reference no: EM131914866

Questions Cloud

Find the accumulated value of fund y at the end : 1500 is deposited into Fund X, which earns an annual effective rate of 7%. At the end of each year, the interest earned plus an additional 150 is withdrawn.
What are the cumulative total passive suspended losses : Molly Grey (single) acquired a 30 percent limited partnership interest. What are the cumulative total passive suspended losses at the end of year 2?
Compute the bonds yield to maturity : The market price of the bond is $905, and the market's required yield to maturity on a comparable-risk bond is 11 percent.
Prepare the adjusting journal entry : Prepare the adjusting journal entry to adjust the under allocated manufacturing overhead and post it to the ledger.
What was the january beginning cash balance : During the month of February, Hoffer Company had cash receipts of $12,900 and cash disbursements of $14,900. What was the January 31 beginning cash balance?
Calculate the cost of inventory as of february : During the months of January and February, Axe Corporation purchased goods from three suppliers. Calculate the cost of inventory as of February 28.
Which option will reduce your taxes by the largest amount : You have the option of deducting $2,000 as an "adjustment to income" on the front page of Form 1040, or you can take a $500 tax credit on the back page.
What is the interest income that must be eliminated : Based on the information given above, what is the interest income that must be eliminated in preparing the 20x17 consolidated financial statements?
What is the amount of outstanding checks at end of november : In the month of November, Crane Company Inc. wrote checks in the amount of $9, 440. What is the amount of outstanding checks at the end of November?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the amount of goodwill recognized

Compute the amount of goodwill recognized, if any, on July 31, 2017. Determine the impairment loss, if any, to be recorded on December 31, 2017

  Is his approach to motivating employees ethical

Klein believes that his tactics will motivate the sales force to generate record profits for the upcoming year. Is his approach to motivating employees ethical

  Internal controls and receivables

From the e-Activity, analyze the situation from the company you selected and the internal controls that may have been compromised to allow the problem to occur and the resulting financial impact to the business. Propose a plan to prevent this type..

  Prepare the journal entry for the issuance of bonds by fowl

On January 1, 2013, Fowl Products issued $80 million 6%, Prepare the journal entry for the issuance of bonds by Fowl

  Iguana inc manufactures bamboo picture frames that sell for

iguana inc. manufactures bamboo picture frames that sell for 22 each. each frame requires 3 linear feet of bamboo which

  What is the amount of cost per equivalent unit

What is the amount of cost per equivalent unit for direct materials using the weighted-average method

  What amount did the company collect from credit customers

Assume that Harley-Davidson had $1,003,881 sales on credit during fiscal year 2005

  The monthly break-even level

Sutton Company produces head sets for computers, which it sells for $20 each. The variable cost to make each head set is $6. During April, 700 sets were sold. Fixed costs for April were $2 per unit for a total of $1,400 for the month.

  What is the liability for compensated balances

The company's December 31, 2009 unadjusted balance of liability for compensated absences was $30,000. The company estimated 200 vacation days available and employees earned $150 per day. What is the liability for compensated balances on December 3..

  What is the amount of the annual depreciation

What is the amount of the annual depreciation and what is the book value at the end of the twenty-fourth year of use?

  Iguchi company sells a single product iguchi estimates

iguchi company sells a single product. iguchi estimates demand and costs at various activity levels as followshow much

  West palm company engaged in the following transactions

west palm company engaged in the following transactions involving promissory notes. may 3 sold engines to mittal

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