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Author Question: Jamison Company gathered the following reconciling information in preparing its June bank ... (Read 119 times)

Pea0909berry

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on: Jul 5, 2018
Jamison Company gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 13,000 Note receivable collected by bank 4,000 Outstanding checks 7,000 Deposits-in-transit 2,500 Bank service charge 35 NSF check 1,900 Using the above information, determine the cash balance per books (before adjustments) for the Jamison Company.
 a. 8,065
  b. 10,565
  c. 15,065
  d. 6,435

Question 2

Acme, Inc. accepted a promissory note from NadirCo, who promised to pay Acme 5,000 plus 6 interest at the end of four months. When Acme first accepts the note, it should record Interest receivable of ________.
 
  A) 300
  B) 100
  C) 0
  D) 150


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mtmmmmmk

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

C


Pea0909berry

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Reply #2 on: Jul 5, 2018
Thank you :)


mtmmmmmk

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Reply #3 on: Jul 5, 2018
Happy to help you


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