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Author Question: Calculate the reconciled cash balance: Bank statement balance 5,602.50 Checkbook balance 6,105.06 ... (Read 106 times)

eruditmonkey@yahoo.com

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on: Jun 24, 2018
Calculate the reconciled cash balance: Bank statement balance 5,602.50 Checkbook balance 6,105.06 Deposits in transit 1,355.25 Outstanding checks 872.19 Bank service charges 19.50

Question 2

The Pratt Company earned 140,00 . last year. The capital stock of the company consists of 600,00 . of 8 cumulative preferred stock and 600,00 . of common stock. The directors declared a dividend of half of the earnings. During the previous year, the company earned only enough to pay a 6 dividend on preferred stock. What is the total amount that will be paid to the holders of preferred stock?


pami445

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Reply #1 on: Jun 24, 2018
Answer to Question 1

6,085.56

Answer to Question 2

60,000


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