Calculate the reconciled cash balance: Bank statement balance ...

[eruditmonkey@yahoo.com]

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]

Answer to Question 1

6,085.56

Answer to Question 2

60,000