« previous next »

Author Question: Gunnar Company gathered the following reconciling information in preparing its September bank ... (Read 102 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?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Molecular mechanisms that convey positional information. Molecular mechanisms that convey positional information.
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
Preparing a Wet Mount Slide Preparing a Wet Mount Slide
Organizing Drug Information by Therapeutic Classification Organizing Drug Information by Therapeutic Classification
A Radio Telescope in Green Bank, West Virginia A Radio Telescope in Green Bank, West Virginia
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library