A new accountant at Bramble Inc. is trying to identify which of the amounts shown below should be reported as th "Cash and cash equivalents in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. 8. $65 of currency and coin in a locked box used for incidental cash transactions. A $13,700 U.S. Treasury bill, due May 31, 2022. $250 of checks that Wyne has received from customers but not yet deposited. An $84 check received from a customer in payment of its April account, but postdated to May 1. $2,600 in the company's checking account. $5,000 in its savings account. $85 of prepaid postage in its postage meter. A $39 IOU from the company receptionist.
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- A new accountant at Oriole Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. 8. (a) $70 of currency and coin in a locked box used for incidental cash transactions. A $10,000 U.S. Treasury bill, due May 31, 2022. $290 of checks that Wyne has received from customers but not yet deposited. An $91 check received from a customer in payment of its April account, but postdated to May 1. $3,300 in the company's checking account. $5,100 in its savings account. $84 of prepaid postage in its postage meter. A $44 IOU from the company receptionist. What balance should Oriole report as its “Cash and cash equivalents" balance at April 30, 2022? Cash and cash equivalents balance $A new accountant at Splish Brothers Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2022. 1. $86 of currency and coin in a locked box used for incidental cash transactions. 2. A $11,900 U.S. Treasury bill, due May 31, 2022. 3. $340 of April-dated checks that Splish Brothers has received from customers but not yet deposited. 4. An $86 check received from a customer in payment of its April account, but postdated to May 1. 5. $4,230 in the company’s checking account. 6. $4,770 in its savings account. 7. $58 of prepaid postage in its postage meter. 8. A $26 IOU from the company receptionist. (a) What balance should Splish Brothers report as its “Cash and cash equivalents” balance at April 30, 2022? Cash and cash equivalents balance at April 30, 2022 $Enter a dollar amountA new accountant at Splish Brothers Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2022. 1. $86 of currency and coin in a locked box used for incidental cash transactions. 2. A $11,900 U.S. Treasury bill, due May 31, 2022. 3. $340 of April-dated checks that Splish Brothers has received from customers but not yet deposited. 4. An $86 check received from a customer in payment of its April account, but postdated to May 1. 5. $4,230 in the company’s checking account. 6. $4,770 in its savings account. 7. $58 of prepaid postage in its postage meter. 8. A $26 IOU from the company receptionist. (a) What balance should Splish Brothers report as its “Cash and cash equivalents” balance at April 30, 2022? Cash and cash equivalents balance at April 30, 2022
- A new accountant at Wyne Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2022. 1. $60 of currency and coin in a locked box used for incidental cash transactions.2. A $10,000 U.S. Treasury bill, due May 31, 2022.3. $260 of checks that Wyne has received from customers but not yet deposited.4. An $85 check received from a customer in payment of its April account, but postdated to May 1.5. $2,500 in the company’s checking account.6. $4,800 in its savings account.7. $75 of prepaid postage in its postage meter.8. A $25 IOU from the company receptionist. Instructions a. What balance should Wyne report as its “Cash and cash equivalents” balance at April 30, 2022?b. In what account(s) and in what financial statement(s) should the items not included in “Cash and cash equivalents” be reported? ProblemsIdentify internal control principles over cash disbursements.A new accountant at Coronado Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2022. 1. $75 of currency and coin in a locked box used for incidental cash transactions. 2. A $12,800 U.S. Treasury bill, due May 31, 2022. 3. $210 of checks that Wyne has received from customers but not yet deposited. 4. An $93 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,700 in the company’s checking account. 6. $5,400 in its savings account. 7. $83 of prepaid postage in its postage meter. 8. A $38 IOU from the company receptionist. (a)What balance should Coronado report as its “Cash and cash equivalents” balance at April 30, 2022? Cash and cash equivalents balance $enter the cash and cash equivalents balance in dollarsI NEED HELP WITH THIS WORD PROBLEM A new accountant at Coronado Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2020. 1. $75 of currency and coin in a locked box used for incidental cash transactions. 2. A $12,800 U.S. Treasury bill, due May 31, 2020. 3. $210 of April-dated checks that Wyne has received from customers but not yet deposited. 4. An $93 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,700 in the company’s checking account. 6. $5,400 in its savings account. 7. $83 of prepaid postage in its postage meter. 8. A $38 IOU from the company receptionist. (a)What balance should Coronado report as its “Cash and cash equivalents” balance at April 30, 2020? CASH AND CASH EQUIVALENTS BALANCE $________
- Bank Reconciliation and Adjusting Entries (Appendix 6.1) Odum Corporation’s cash account showed a balance of $17,198 on March 31, 2019. The bank statement balance for the same date indicated a balance of $17,924.55. The following additional information is available concerning Odum’s cash balance on March 31: • Undeposited cash on hand on March 31 amounted to $724.50. • A customer’s NSF check for $173.80 was returned with the bank statement. • A note for $2,000 plus interest of $25 was collected for Odum by the bank during March. The bank notified Odum of this collection on the bank statement. • The bank service charge for March was $15. • A deposit of $951.75 mailed to the bank on March 31 did not appear on the bank statement. The following checks mailed to creditors had not been processed by the bank on March 31: #429 $57.40 #432 $147.50 #433 $214.80 #434 $191.90 A customer check for $149.50 in payment of his account and listed correctly for that amount on the bank state-ment had…What is the correct amount of cash? * The statement of financial position of Money Company on December 31, 2020 shows cash of P330,820. The following items were found to comprise this total amount: Checking account in Metrobank Savings account at Far East Bank Petty cash fund (including expense receipts of P250) Cash on hand (undeposited sales receipts) Sinking fund cash Cash in foreign bank (in equivalent pesos) Customers' checks on hand – traveler's check 105,200 30,800 1,500 4,200 35,000 65,000 14,000 23,120 Customers' checks on hand - manager's check Short-term treasury bills Money Company also has on hand a check payable to supplier amounting to P62,000, which has been recorded in the cash disbursements journal in December. The sinking fund is intended to be used to settle the firm's noncurrent bonds payable. 52,000 What is the correct amount of cash?A new accountant at Skyline Company is trying to identify which of the following amounts should be reported as the current asset Cash and Cash Equivalents in the year-end balance sheet, as at June 30, 2024: Currency and coins totalling $76 in a locked box used for petty cash transactions. A 60-day, $12,900 guaranteed investment certificate, due July 31, 2024. June-dated cheques worth $375 that Skyline has received from customers but not yet deposited. A $104 cheque received from a customer in payment of her June account, but postdated to July 1. A balance of $2,360 in the Royal Bank chequing account. A balance of $4,160 in the Royal Bank savings account. Prepaid postage of $52 in the postage meter. A $110 IOU from the company receptionist. Cash register floats of $330. Over-the-counter cash receipts for June 30 consisting of $540 of currency and coins, $90 of cheques from customers, $550 of debit card slips, and $740 of bank credit card slips. These amounts were processed by the bank…
- The accounting records of BEE Company show the summary data of its cash receipts and payments for November 2019. Its November Cash Balance has P42,230.003; its Total Cash Receipts is P40,000.00, Total Checks issued is P25,000.00. The company received its Bank Statement indicating a balance of P82,000.00. The following reconciling items were discovered. Item No. 1-A deposit of cash receipts P3,000.00 of November 30 is too late to include in the bank statement. Item No. 2- Outstanding checks were: No. 1234-P2,652.00; No. 1235-P6,557.00; No. 1236-P6,095.00. Item No. 3- The bank collected a note left for collection amounting to P20,000.00 plus interest earned of P600.00 Item No. 4-Check No. 1237-P P690.00 was incorrectly charged by the bank as P960.00 Item No. 5-Check No. 1238-P cleared by the bank with P4,200.00 has been recorded in the company's book as P2,400.00. This was for the payment of the creditor's account. Item No. 6-The customer returned the check for NSF, P7,800.00. Item No.…Rudolf Company had the following items in its "Cash and cash equivalents" account as of December 31, 2022: Cash on hand P125,000 Bank time deposit (acquired 12/30/2022; due in 2/28/2023) 150,000 Petty cash fund including P2,550 unreplenished vouchers dated 10,000 December 27-30, 2022; and P1,200 dated January 4, 2023. Cash in foreign bank - unrestricted ($5,000; average rate - P50; closing rate P52) 250,000 Cash restricted for additions to plant (to be disbursed in 2025) 1,200,000 Cash in bank - to be used for payment of 2023 dividends and taxes 1,380,000 How much should be reported as cash and cash equivalents as of December 31, 2022?The cash account of Waterway Co. showed a ledger balance of $18,781.68 on June 30, 2025. The bank statement as of that date showed a balance of $19,920. Upon comparing the statement with the cash records, the following facts were determined. 1. 2. There were bank service charges for June of $120. A bank memo stated that Bao Dai's note for $5,760 and interest of $172.80 had been collected on June 29, and the bank had made a charge of $26.40 on the collection. (No entry had been made on Waterway's books when Bao Dai's note was sent to the bank for collection.) 3. Receipts for June 30 for $16,272 were not deposited until July 2. 4. Checks outstanding on June 30 totaled $10,253.04. 5. 6. The bank had charged the Waterway Co.'s account for a customer's uncollectible check amounting to $1,215.36 on June 29. A customer's check for $432 (as payment on the customer's Accounts Receivable) had been entered as $288 in the cash receipts journal by Waterway on June 15. 7. Check no. 742 in the amount…