x.Hm The following information is available for Holland Company at December 31:
ID: 2434081 • Letter: X
Question
x.Hm The following information is available for Holland Company at December 31:Money market fund balance $2,880 Certificate of deposit maturing June 30 of next year $19,000 Postdated checks from customers $1,480 Cash in bank account $23,450 NSF The following information is available for Holland Company at December 31:
Money market fund balance $2,880 Certificate of deposit maturing June 30 of next year $19,000 Postdated checks from customers $1,480 Cash in bank account $23,450 NSF Money market fund balance $2,880 Certificate of deposit maturing June 30 of next year $19,000 Postdated checks from customers $1,480 Cash in bank account $23,450 NSF
Explanation / Answer
1. E 39600 ( 2,880.00 + 23,450.00 + 270.00 + 13,000.00) 2.B 40 days (DSO = Receivables/(Annual Sales/365) =70700/(650000/365) = 40 days) 3. B 4. C debit to Cash for $65 5. Quation is not visble. Pl mail & I will answer or posthere 6.C Add $55 to the book balance. 7.C a credit to Cash for $18 8. E $7920 (7150+770) 9. B False Deposit are assets & hence have Debitbalance 10. A True 11. B False A bank reconciliation usually yields an adjustedbank balance which is why it is made in teh first place 12. B False 13. A. Establish responsibilitie 14. B monitors company and employee performance 15. C Apply technological controls. 16. E all of these1. E 39600 ( 2,880.00 + 23,450.00 + 270.00 + 13,000.00) 2.B 40 days (DSO = Receivables/(Annual Sales/365) =70700/(650000/365) = 40 days) 3. B 4. C debit to Cash for $65 5. Quation is not visble. Pl mail & I will answer or posthere 6.C Add $55 to the book balance. 7.C a credit to Cash for $18 8. E $7920 (7150+770) 9. B False Deposit are assets & hence have Debitbalance 10. A True 11. B False A bank reconciliation usually yields an adjustedbank balance which is why it is made in teh first place 12. B False 13. A. Establish responsibilitie 14. B monitors company and employee performance 15. C Apply technological controls. 16. E all of these
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.