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
Ratling [72]
3 years ago
10

Waterway Company’s checkbook balance on December 31, 2020, was $84800. In addition, Sheridan held the following items in its saf

e on December 31.(1) A check for $1750 from Pharoah Company received December 30, 2020, which was not included in the checkbook balance. (2) An NSF check from Pearl Industries in the amount of $3730 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2021. The original deposit has been included in the December 31 checkbook balance. (3) Coin and currency on hand amounted to $5680. Required:The proper amount to be reported on Waterway's balance sheet for cash at December 31, 2020, is $______.
Business
1 answer:
Gemiola [76]3 years ago
4 0

Answer:

$88,500

Explanation:

The computation of the amount of cash reported in the balance sheet is shown below:

= Check book balance + check not included - NSF check + coin & currency on hand

= $84,800 + $1,750 - $3,730 + $5,680

= $88,500

We simply applied the above formula so that the correct amount of cash could arrive that is to be reported in the balance sheet

You might be interested in
A/an __________ normally specifies such matters as how assets will be distributed in the event of divorce or death; how debts wi
klio [65]
<span>This would be a prenuptial agreement. This type of agreement is often referred to as simply a prenup. It is a contract that is entered into before marriage or any other civil union. The content of it often varies but generally covers provisions for how to divide property and spousal support should the parties split. It may also include terms for how assets will be split if the union dissolves.</span>
5 0
4 years ago
The defination of insurance
Kryger [21]

Answer:

an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

4 0
3 years ago
Read 2 more answers
Selling the bonds at a premium has the effect of
ludmilkaskok [199]

Answer: Selling the bonds at a premium has the effect of causing the cost of borrowing money to be lower than the bond when interest is paid.

Explanation: When a bond is traded above the par value, it is being sold at premium. Since the bond is sold above it, the interest rate is higher but the cost to borrow money is lower. Purchasing a bond a premium is expensive because it is above market value but selling a bond at premium contributes to more money made off of the sale.

5 0
4 years ago
Question:
Oduvanchick [21]

A purpose of government regulation in a mixed-market economy is to protect  A) Property rights

3 0
4 years ago
Company made total purchases of $ 310 comma 000 in the most current year. It paid freight in of $ 5 comma 500 on its purchases.
Slav-nsk [51]

Answer:

Cost of​ inventory = $284,800

Explanation:

Given:

Purchase = $310,000

Fright inward = $5,500.

Fright outward = $5,500

Purchase return = $28000

Discount receive = $2,700

<u>Computation of Cost of​ inventory:      </u>

<u>Particular                                  Amount </u>

Purchase                                $310,000

<u>Add</u><u>: Fright inward                 $5,500    </u>

                                               $315,500

Less: Purchase return            $28000

<u>Less</u><u>: Discount receive           $2,700     </u>

<u>Cost of​ inventory                  $284,800 </u>

6 0
4 years ago
Other questions:
  • what will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the input used in the production p
    8·1 answer
  • When using an rss feed within hootsuite, you can limit the amount of content being automatically pushed out to your followers by
    14·1 answer
  • The Financial Accounting Foundation A. works with the Financial Accounting Standards Advisory Council to provide information to
    9·1 answer
  • A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?
    11·1 answer
  • On January 1, 2018, D Corp. granted an employee an option to purchase 6,000 shares of D's $4 par common stock at $22 per share.
    10·1 answer
  • There are over 100 companies that manufacture natural and artificial flavorings used to enhance the taste of food before it is s
    7·2 answers
  • According to lewin's change model, the _____ stage involves providing employees with new information, new behavioral models, or
    7·1 answer
  • Maria, a banking executive, gives a job candidate a detailed interview​ and a walking tour of the facility. By sharing her time
    12·1 answer
  • Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed
    13·1 answer
  • Annie is at the checkout line of the grocery store when she sees a case of candy bars. She then decides to buy them. This is an
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!