User Account

All Pages

What is the amount of the unrecorded check issued

Assignment Help Accounting Basics
Reference no: EM133133412

Question - AA Company banks with Fin Tour Bank and prepares reconciliation of the bank and books balances on a regular monthly basis. The December 31, 2022 reconciliation shows a balance per bank of P581,050, balance per books of P627,000, outstanding checks of P84,300, deposits in transit of P120,000, interest earned on the bank balance of P1,250, and service charges of P400. Included in the bank statement was a cancelled check which the company had failed to record. The check was in payment of accounts payable.

Required - What is the amount of the unrecorded check issued by the company in payment of accounts payable?

Reference no: EM133133412

Questions Cloud

Differentiate small business from ordinary business : What is financial Market and how financial markets affect the economic performance?
Price of high-speed internet access for consumers : According to Internet World Stats, about 30% of all Americans have big h-speed internet access. Suppose that American societyF decides that it is important that
What is the correct cash balance as of december : This account is used for disbursement to various suppliers and had P3,245,000 balance as of December 31, 2022. What is the correct cash balance as of December
State the relationship between printers and printer ink : For each of the following scenarios, show what happens to the demand, price, and quantity of fidget spinners
What is the amount of the unrecorded check issued : The check was in payment of accounts payable. What is the amount of the unrecorded check issued by the company in payment of accounts payable
Competitive market equilibrium quantity : Suppose the government imposes a quota restricting the production of apples to an amount less than the competitive market equilibrium quantity.
What was the total peso cost of the loan agreement : IF KAN Corp. borrowed P10,000,0000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total peso cost
Minimizing aggregate cost : Consider Pigou's example where the cost of the upper route is 1 and the cost of the lower route is 2x. What is the efficient share of the traffic that should ta
Upper route in the nash equilibrium : What share of the traffic will take the upper route in the Nash equilibrium?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd