9,10

9) Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 9) 2018. The note, along with interest at 6%, is due on June 30, 2019, On September 30, 2018, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 10%. What amount of cash did Ireland receive from Cloverdale Bank? A) $39,220. B) $36,000. C) $36,820. D) $40,600 10) Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At 10) the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680 and deposits in transited were $400. The bank statement revealed that a check written for S120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance IS: A) $2,270 B) $2.470. C) $2,700. D) $2,550