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NeTakaya
3 years ago
14

At August 31, Kingbird, Inc. has a cash balance per books of $8,320 and the following additional data from the bank statement: c

harge for printing Kingbird, Inc. checks $50 and interest earned on checking account balance $46. In addition, Kingbird, Inc. has outstanding checks of $880. Determine the adjusted cash balance per books at August 31.
Business
1 answer:
german3 years ago
3 0

Answer:

$8,316

Explanation:

The computation of adjusted cash balance per books at August 31 is shown below:-

Adjusted cash balance per books at August 31 = Cash balance per books + Interest earned - Charge for printing Kingbird, Inc. checks

= $8,320 + $46 - $50

= $8,316

Therefore for computing the Adjusted cash balance per books at August 31 we simply applied the above formula and we have not considered the outstanding checks as it is not relevant.

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Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur
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Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

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To learn more about social security and medicare from given link

brainly.com/question/19277833

#SPJ4

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