subject
Business, 09.03.2020 23:35 Yellowjacket3166

1. Nickleson Company had an unadjusted cash balance of $9,586 as of May 31. 2. The company’s bank statement, also dated May 31, included a $98 NSF check written by one of Nickleson’s customers.
3. There were $1,461 in outstanding checks and $210 in deposits in transit as of May 31.
4. According to the bank statement, service charges were $25, and the bank collected a $700 note receivable for Nickleson.
5. The bank statement also showed $18 of interest revenue earned by Nickleson.
Required:
Determine the true cash balance as of May 31.
(Hint: It is not necessary to use all of the preceding items to determine the true balance.)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 14:20, EbonyMontricee
Gemini inc.'s optimal cash transfer amount, using the baumol model, is $60,000. the firm's fixed cost per cash transfer of marketable securities to cash is $180, and the total cash needed for transactions annually is $960,000. on what opportunity cost of holding cash was this analysis based?
Answers: 1
image
Business, 22.06.2019 03:00, rafa3997
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
image
Business, 22.06.2019 20:30, lareynademividp0a99r
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.
Answers: 3
image
Business, 22.06.2019 20:40, mom1645
Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.
Answers: 1
You know the right answer?
1. Nickleson Company had an unadjusted cash balance of $9,586 as of May 31. 2. The company’s bank st...

Questions in other subjects:

Konu
Social Studies, 23.04.2021 19:50
Konu
Mathematics, 23.04.2021 19:50
Konu
Mathematics, 23.04.2021 19:50
Konu
Mathematics, 23.04.2021 19:50
Konu
Mathematics, 23.04.2021 19:50