User Account

All Pages

What is the unadjusted book disbursements in December

Assignment Help Accounting Basics
Reference no: EM132935235

Question - The following information was obtained in connection with the review of BTS Company's cash account as of December 31, 2020

Outstanding checks, 11/30/2020- P16,250

Outstanding checks, 12/31/2020- P12,500

Deposit in transit 11/30/2020- P12,500

Cash balance per ledger 12/31/2020- P37,500

Actual company collections from its customers during December- P152,500

Company checks paid by bank in December- P130,000

Bank service charges recorded on books of the company in December- P2,500

Bank service charges per December bank statement- P3,250

Deposit credited by bank during December- P145,000

November bank service charges recorded on company books on December- P1,500

The cash receipts per book of December is underfooted by P2,500. Also, the bank erroneously charged the company's account for a P3,750 check of another depositor. The bank error was corrected in January 2021.

The bank error was corrected in January 2021. What is the unadjusted bank receipts in December?

-P140,000

-P145,000

-P150,000

-P120,000

What is the unadjusted book disbursements in December?

-P123,750

-P128,750

-P128,500

-P126,250

Reference no: EM132935235

Questions Cloud

Compute the dollar cost of meeting the pound obligation : Airbus has foreign-currency denominated payable, How Airbus can eliminate the exchange rate exposure and compute the dollar cost of meeting the pound obligation
Compute the irr for both projects : Compute the IRR for both projects. Consider the cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation
What is the payback period for each project : What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Description of the process of ossification : Produce a description of the process of ossification in a long bone.
What is the unadjusted book disbursements in December : November bank service charges recorded on company books on December- P1,500. What is the unadjusted book disbursements in December
What were suggestions to remedy the greek economy : Greek Finance Minister who resigned over their demands. What was it that made him resign? What were his suggestions to remedy the Greek economy?
At what amount should the investment property recognized : Assuming Black Corp. uses two floors or 20% of the entire building for administrative purposes, at what amount should the investment property be recognized
What was the effect on banks of the fed decision to increase : What was the effect on banks of the Fed's decision to increase the required reserve ratio? Increasing the required reserve ratio.
How is this distribution treated for tax purposes by Arnold : Arnold, who had purchased his stock for $11,000 several years ago. How is this distribution treated for tax purposes by Arnold

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