« previous next »

Author Question: Gunnar Company gathered the following reconciling information in preparing its September bank ... (Read 104 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?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Saratoga Campaign, September 19 to October 17, 1777 Saratoga Campaign, September 19 to October 17, 1777
Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library