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Anon25 [30]
4 years ago
9

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted

cash balance per books on May 31. Cash balance per books, May 31 $5,400 Deposits in transit 375 Notes receivable and interest collected by bank 650 Bank charge for check printing 40 Outstanding checks 2,400 NSF check 140 a.$4,930 b.$5,870 c.$3,845 d.$6,245
Business
1 answer:
grin007 [14]4 years ago
3 0

Answer:

b. $5,870

Explanation:

Data given in the question

Cash balance per books, May 31 $5,400

Deposits in transit $375

Notes receivable and interest collected by bank $650

Bank charge for check printing $40

Outstanding checks $2,400

NSF check $140

The computation of the adjusted cash balance per books is shown below:

= Cash balance per books + Notes receivable and interest collected - Bank charges - NSF check

= $5,400 + $650 - $40 - $140

= $5,870

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The CEO of Sam's Club, Rosalind Brewer, reports to Walmart's CEO, C. Douglas McMillon, who as corporate executive oversees Walma
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Question 1 Tamarisk Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares of $50 par value
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Answer:

The journal entries relating to the conversion of preferred stock to common stock are highlighted below:

Dr Preferred stock                                                 $45,000

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Cr Common stock                                                                           $18,000

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Find in the attached the detailed computations of the amounts above.

Download xlsx
7 0
3 years ago
In the context of the contemporary united states, a strip mall shopping center best demonstrates which geographic principle
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. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 4 bars and the price is $4. In year
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3 years ago
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