11. The following information was taken from Davis Inc. cash budget for the month of July: Beginning cash balance $150,256 Cash receipts 143,544 Cash disbursements 204,795 If the company has a policy of maintaining an end of the month cash balance of $150,000, the amount the company would have to borrow is

12. At December 31, 2022, Todd Enterprises inventory records indicated a balance of $700,000. Upon further investigation it was determined that this amount included the following: $110,000 in inventory purchases made by Todd Enterprises shipped from the seller 12/27/22 terms FOB destination, but not due to be received until January 2nd $75,000 in goods sold by Vaughn with terms FOB destination on December 27. The goods are not expected to reach their destination until January 6. $7,300 of goods received on consignment from Angela Company What is Todd Enterprises' correct ending inventory balance at December 31, 2022?

13. The following information relates to Cranford Corp. for the year 2022. Calculate net income. Retained earnings, January 1, 2022 $13,400 Advertising expense $6,600 Dividends during 2022 5,100 Rent expense 7,400 Service revenue 142,000 Utilities expense 7,500 Salaries and wages expense 18,000 Other comprehensive income (net of tax) 600

14. King sold goods with a total selling price of $917,400 during the year. It purchased goods for $486,600 and had beginning inventory of $105,600. A count of its ending inventory determined that goods on hand was $184,600. What was its cost of goods sold?

15. Constable is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Constable's total trade receivables? Income tax refund due $439 Advance due to the company from the company president 252 3-month note due from Windsor's main customer 7,030 Interest due this month on the above note 128 Due and unpaid from this month's sales 8,080 Due and unpaid from last month's sales 1,731

16. Given the following account balances at year-end, compute the total intangible assets on the balance sheet of Paige Company. Cash $1,191,306 Accounts Receivable 695,249 Trademarks 1,947,981 Goodwill 1,848,904 Research & Development Costs 1,406,543