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3 years ago

The following information pertains to Lance Company.

Business

1 answer:

gavmur [86]3 years ago

5 0

Answer:

Bank Reconciliation statement :

Cash balance as per Bank - - - - - $7328

Add: Deposit in transit - - - - - - - - $2700

Less: Outstanding checks - - - - - - $686

Adjusted cash balance - - - - - - - $9342

Cash balance as per Book - - - - - $7364

Add: Electronic Fund transfer - - - $2016

Less: unrecorded service charges-- $38

Adjusted cash balance - - - - - - - - - $9342

B.)

Dr. Cash................................2,016

Cr. Bank.........................................2,016

Being Cash Receipt by funds transfer not captured in Cash book

Dr. Bank Charges.............................38

Cr. Cash.....................................................38

Being Bank Charges for the month of July

Explanation:

Bank Reconciliation statement :

Cash balance as per Bank - - - - - $7328

Add: Deposit in transit - - - - - - - - $2700

Less: Outstanding checks - - - - - - $686

Adjusted cash balance - - - - - - - $9342

Cash balance as per Book - - - - - $7364

Add: Electronic Fund transfer - - - $2016

Less: unrecorded service charges-- $38

Adjusted cash balance - - - - - - - - - $9342

B.)

Dr. Cash................................2,016

Cr. Bank.........................................2,016

Being Cash Receipt by funds transfer not captured in Cash book

Dr. Bank Charges.............................38

Cr. Cash.....................................................38

Being Bank Charges for the month of July

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Answer:

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Explanation:

The free cash flow to the firm can be computed using the following formula:

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Where:

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Substituting the values into equation (1), we have:

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3 years ago

Generally, real estate taxes for a tax year are divided between the buyer and the seller based on ______.

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Real estate taxes and property taxes are the same things.
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1 year ago

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dolphi86 [110]

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Explanation:

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3 years ago

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