Compute the reconciled balance: Bank statement balance: 642.75 Checkbook balance: 685.23 Outstanding checks: 14.82 and 117.70 Outstanding deposit: 125.00 Automatic transfer to savings: 50.00
Question 2
The Channing Company earned 64,00 . last year. The capital stock of the company consists of 500,00 . of 8 preferred stock and 200,00 . of common stock. The directors declare a dividend of the entire earnings. Compute the total amount that will be paid to the holders of preferred stock.
