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Alenkasestr [34]
3 years ago
11

At April 30, Pina Colada Corp. has the following bank information: Cash balance per bank $7600 Outstanding checks $460 Deposits

in transit $900 Credit memo for interest $15 Bank service charge $30 What is Pina adjusted cash balance on April 30?
Business
1 answer:
faust18 [17]3 years ago
8 0

Pina adjusted cash balance on April 30 is $ 6,685

Solution:

Given,

As of April 30, Pina Colada Corp. has the following bank information:

Cash balance per bank               $7600

Outstanding checks                     $460

Deposits in transit                         $900

Credit memo for interest              $15

Bank service charge                     $30

Now  To find Pina adjusted cash balance on April 30 :

Adjusted Cash Balance Formula is : Cash balance + Notes receivable - Check Printing - NSF Check

Adjusted Cash Balance =  $7600+  $15  - $30 - $900

Adjusted Cash Balance = $ 6,685

Pina adjusted cash balance on April 30 is $ 6,685

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Brickhouse is expected to pay a dividend of $3.00 and $2.40 over the next two years, respectively. After that, the company is ex
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\left[\begin{array}{ccc}Year&cashflow&PV\\&&\\1&3&2.7027\\2&2.4&1.9479\\2&33.6&27.2705\\&TOTAL&31.9211\\\end{array}\right]

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