1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexgriva [62]
3 years ago
9

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

s on June 30, its Cash account shows a debit balance of $62,709. Easton's June bank statement shows $60,349 on deposit in the bank. Determine the adjusted cash balance using the following information:
Deposit in transit Outstanding checks Check printing fee, not yet recorded by company Interest earned on account, not yet recorded by the company $ 35 $4, 550 $2,175 $ 20 The adjusted cash balance should be:__________.
a) $62,689
b) $62,744
c) $64,899
Business
1 answer:
dangina [55]3 years ago
7 0

Answer:

it would be 64,899

Explanation:

i did the test :D

You might be interested in
Consider the following situations for Shocker:
Delicious77 [7]

Answer:

a.

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

b.

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

c.

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

d.

J1

Cash $70,000 (debit)

Note Payable $70,000 (credit)

J2

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

a.

Recognize Cash and Deferred Revenue

b.

Recognize Asset - Prepaid Advertising and De-recognize Cash

c.

Recognize Salaries Expense and Recognize Salaries Accrued Liability

d.

J1

Recognize Cash Asset and Recognize Liability - Note Payable

J2

Recognize Interest income accrued on the Note Payable during September to December.

5 0
3 years ago
Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for
statuscvo [17]

Answer: The total expected cash receipts during March is $232000.

Explanation:

Given that,

Budgeted sales in January = $210000

Budgeted sales in February = $260000

Budgeted sales in March = $220000

40% of sales are for cash and rest 60% are on credit

Total cash receipts during march = cash sales in the month of march + Credit sales in the month of February + Credit sales in the month of march

= 40% of 220000 + 260000 × 60% × 50% + 220000 × 60% × 50%

= 88000+78000+66000

= $232000

Therefore, the total expected cash receipts during March is $232000.

6 0
3 years ago
Which of the following is a product-based business?
Sav [38]
Clothing is the answer
8 0
3 years ago
Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing govern
balu736 [363]

Answer: the government giving tax breaks to companies locating in poor geographic areas.

Explanation:

4 0
2 years ago
Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occur
o-na [289]

Answer:

The future value of a 18-year annuity of $2,000 per period where payments come at the beginning of each period is $59,078.

Explanation:

We apply the formula to calculate future value of annuity to find the future value of 18-year annuity as at the beginning of year 18 ( because payment comes at the beginning of the year):

2,000/5% x (1.05^18 -1) = $56,264.77.

We further compound the future value of 18-year annuity as at the beginning of year 18 for one period to come up with the future value of this annuity as at the end of 18 year time:

56,264.77 x 1.05 = $59,078.

So, the answer is $59,078.

3 0
3 years ago
Other questions:
  • Knowledge Check 01 Product A Product B Selling price per unit$20 $15 Variable cost per unit 12 9 Contribution margin per unit$8
    8·1 answer
  • "I don't understand why you're afraid to commit to this new ad program," said Barry, sales representative of a popular radio sta
    9·1 answer
  • Among competing firms, a firm’s actions are considered strategic substitutes when: Group of answer choices an increase in one fi
    8·1 answer
  • Jimmy Company uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9
    10·1 answer
  • In an assembly operation at a furniture factory, six employees assembled an average of 900 standard dining chairs per 5-day week
    8·1 answer
  • A certain production process requires only two types of inputs — capital and labor. In 2006, 100 units of labor and 50 units of
    5·1 answer
  • When the price of good A is $50, the quantity demanded of good A is 500 units. When the price of good A rises to $70, the quanti
    8·1 answer
  • Goodwin Technologies, a relatively young comply, has been wildly successful but has yet to pay a dividend. An analyst forecasts
    14·1 answer
  • Which expression can be used to find the amount of tax
    12·1 answer
  • What is the ultimate purpose of the system of checks and balances?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!