subject
Business, 20.03.2021 01:20 Levantine2643

The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $29,070, and determined that deposits in transit equal $16,800 and outstanding checks equal $18,750. What is the adjusted cash balance?
Select one:
A. $21,120
B. $41,910
C. $16,800
D. $35,910
Lakeside Company is holding a $18,000, 90-day, 6% note receivable, dated December 1, 2019. The journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Select one:
A. Credit note receivable for $18,000
B. Credit interest income for $270
C. Debit to interest receivable for $90
D. Debit cash for $18,270

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:20
Overspeculation and a decrease in consumer confidence are both leading factors of: ?
Answers: 1
question
Business, 22.06.2019 16:30
Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income
Answers: 1
question
Business, 23.06.2019 07:00
Look at this section of the 1040ez form. will this individual receive a refund? yes no
Answers: 1
question
Business, 23.06.2019 21:00
Which of these statements regarding organizational buyers is most accurate? a. wholesalers and retailers resell the goods they buy without reprocessing them?
Answers: 2
You know the right answer?
The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and...
Questions
question
Mathematics, 31.08.2019 06:50
question
Mathematics, 31.08.2019 06:50
Questions on the website: 13722363