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masha68 [24]
3 years ago
9

Brangelina Adoption Agency’s general ledger shows a cash balance of $4,593. The balance of cash in the March-end bank statement

is $7,345. A review of the bank statement reveals the following information: checks outstanding of $2,803, bank service fees of $85, and interest earned of $34. Calculate the correct balance of cash at the end of March.
Business
1 answer:
aliya0001 [1]3 years ago
5 0

Answer:

$4.542

Explanation:

Bank services fees must be included in  balance, as well as  interest earned, but checks outstanding no, because they arent paid yet.

So the correct calculation is:

$ 4.593 - $85 + $34 =  $4.542

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The Hit-and-Miss Manufacturing Company produces items that have a probability p of being defective. These items are produced in
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The A hope I’m right
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3 years ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible A
Alex787 [66]

Answer:

$11,750

Explanation:

The computation of bad debt is shown below:-

Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance

= ($314,000 × 4%) - $810

= $12,560 - $810

= $11,750

Therefore for computing the bad debt expenses we simply applied the above formula.

8 0
2 years ago
The current sections of Metlock, Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Metlock’s net income f
oksian1 [2.3K]

Answer:

The Net cash is 193.100

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

With the balance data,  we get the decrease or increase of the different accounts.  

Cash $103,000 $97,100

Decrease in cash 5.900

Accounts receivable 110,000 80,800

Decrease in accounts receivable 29.200

Inventory 159,000 171,500

inventory increased 12.500

Prepaid expenses 26,000 25,000

Decreased Prepaid expenses 1.000

Accrued expenses payable $14,500 $9,100

expenses payable decreased 5.400

Accounts payable 84,500 95,600

accounts payable increased 11.100

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

In this case,

Net income 151.400

Adjustment to reconcile the net income to cash  

+ Depreciation expense 24.200

- Decrease in cash (5.900)

+ Decrease in accounts receivable 29.200

- inventory increased (12.500)

+ Decreaded Prepaid expenses 1.000

- expenses payable decreased (5.400)

+ accounts payable increased  11.100

 

Net cash 193.100

7 0
3 years ago
FIRST TO Answer for free brainlest. GOG GOGOGO
SSSSS [86.1K]

Answer:

thanks for points even tho im not first

Explanation:

4 0
3 years ago
Sheridan Company purchased a delivery truck. The total cash payment was $43,718, including the following items. Negotiated purch
rosijanka [135]

Answer:

the cost of the delivery truck is $40,698

Explanation:

The computation of the cost of the delivery truck is given below:

Negotiated purchase price $34,800

Installation of special shelving $2,880

Painting and lettering $930

Sales tax  $2,088

Cost of the delivery truck $40,698

Hence, the cost of the delivery truck is $40,698

The same should be considered and relevant

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3 years ago
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