« previous next »

Author Question: Gunnar Company gathered the following reconciling information in preparing its September bank ... (Read 96 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jul 5, 2018
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation.Calc ulate the adjusted cash balance per books on September 30. Cash balance per books, 9/30 2,750 Deposits in transit 200 Notes receivable and interest collected by bank 630 Bank charge for check printing 50 Outstanding checks 1,250 NSF check 290
 a. 5,130.
  b. 3,690.
  c. 3,040.
  d. 1,590.

Question 2

Stanton Corporation sold a 10-year, 1,000, zero-interest bond when the market rate of interest was 7. The present value of the principal is ________.
 
  A) 508.35
  B) 700.00
  C) 1,000.00
  D) 1070.00


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

The flow of information in a eukaryotic cell The flow of information in a eukaryotic cell
Genetic Information Genetic Information
On August 17, 1807, thousands of New Yorkers gathered along the Hudson River. Ma On August 17, 1807, thousands of New Yorkers gathered along the Hudson River. Ma
Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s Offshore spawning stock biomass, Grand Bank Atlantic Cod since the early 1980s
SK September 15 2023 SK September 15 2023
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library