What entry is missing from the following Cash t-account? Cash ol 450 1,000 230 1,030 200 300 Debit of 150 Credit of 150 Debit of 1,150 O Credit of 1,150 None of the above
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- Computing; the Cash Balance Listed below are ten items that may be found on a balance sheet. Required: 1. Indicate with or no whether each of the items should be included in the cash balance presented on the balance sheet. Also indicate the normal balance sheet treatment for those items not included as cash. 2. Next Level What is the overriding concept in determining whether an item included in or excluded from cash?What is the correct cash balance at August 31, 2018a. P902,00b. P860,000c. P820,000d. 802,000Calculate the cash discount and the net amount due the transaction (in $). Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $15,660.00 2/10, n/45 $ $
- Could you please explain to me how the cash balances are calculated???? Pro Forma Cash Flow Cash Received Cash from Operations Cash Sales $24,198 $100,099 $122,460 Cash from Receivables $46,108 $217,218 $342,905 Subtotal Cash from Operations $70,306 $317,317 $465,366 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $40,000 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $70,306 $357,317 $465,366 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $167,000 $225,200 $229,200 Bill Payments $75,294 $124,114 $152,785 Subtotal Spent on Operations $242,294 $349,314 $381,985 Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out $0 $0 $0…ME8Which of the following entries for goods sold by cash is correct? a) Cash Dr, AR Crb) AR Dr, Revenue Crc) Fees Earned, debit; Cash creditd) Cash, debit; Bank CrAnalyse the following information using a Cash T: Schedule C Cash Receipts: $120,000 Schedule C Cash Expenses: $135,000 Personal Living Expenses: $65,000 Is this preliminarly under or overstatement income and what is the amount?
- What is the amount of cash to reconcile using the direct method on the Statement of Cash Flows? 20XX 20YY Change Cash 600,000 2,000 598,000Consider Chandler's incomplete deposit slip: How much cash did Chandler receive? A.$70.00 b. $106.00 C.$176.00 d. S246.00What is double entry for the following transaction: Took MK20600 out of bank and put into the cash bill
- 1.What is the Adjusted End Cash balance for the Bank? a. $112670.42 b. $152,213.03 c. $120,659.46 d. None of the above 2. What total amount should be added to the company’s book records? a. 4500.00 b. 49500.00 c. 45,000.00 d. 7,989.04 3. What total amount should be deducted from the company’s book records? a. Both 1440.66 and 44.00 b. 1440.66 c. 7989.04 d. 44.001. What is the cash balance in the trial Balance? A. 408500 on the credit side B. 396500 on the debit side C. 396500 on the credit side D. 408500 on the debit side 2. What are account receivable balance in the Trial Balance? A. 0 B. 10000 C. 2000 D. 12000Consider the following information taken from the cash account. Assume cash payments were 80% of collections. Cash ?? Beginning balance $115,375 Collections ?? Disbursements $80,275 Ending balance How much was the beginning balance of the cash account? $35,100 $92,300 $57,200 $103,350
