1) additional options 18737 or 13112

Frankdin Company deposits all cash receipts on the day they are received and makes all cash payments by check At the close of business on August 31, its Cash account shows a debt balance of $13162 Franklin's August bank statement shows $14 237 on deposit in the bank Determine the adjusted cash balance using the following information Deposit in transit Outstanding checks Bank service fees, not yet recorded by company The bank collected on a note receivable, not yet recorded by the company $4,500 $3,900 $ se $1,725 The adjusted cash balance should be Multiple Choice $14,837 O $14,887 510.337 If a company paid $38.000 of its accounts payable in cash what was the effect on the accounting equation? Multiple Choice Assets would decrease 538.000, liabilities would decrease $38.000, and equity would increase $38.000 There would be no effect on the accounts because the accounts are affected by the same amount O Assets would increase $38,000 and liabilities would decrease $38,000. Assets would decrease $38,000, liabilities would decrease $38,000 and equity remains unchanged. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000 At the beginning of the year, Sigma Companys balance sheet reported Total Assets of $195.000 Total Liabilities of $15.000, and Total Paid in capital of $60.000 During the yent, the company reported total revenues of $225.000 and expenses of $175 000 Aho dividends during the year old $48000 Assung no other changes to Retained earrings the balance in the Retained earnings account at the end of the year would be Multiple Choice 5171000 $120.000 $123.000 $174.000 C $78000