COMPUTATIONAL. Show your solution. Double rule your final answer (3pts each) 1.The cash balance of Ronnie Co. comprises the following: Cash on hand 300,000 Cash in bank - savings - Alpha Bank 600,000 Cash in bank - current - Alpha Bank (160,000) Cash in bank - current - Beta Bank (140,000) Cash in bank - deposit in escrow - Beta Bank 240,000 Cash in bank - savings - Charlie Bank 90,000 Additional information: Cash on hand excludes undeposited collections of 60,000. The cash in bank - savings maintained at Alpha Bank includes a 100,000 compensating balance which is restricted. 1. How much is the amount of cash to be reported in the financial statements? ___________________________ The next three items are based on the following information: Taken from the records of Girly Co. are the following: Balance per books, October 31 4,440 Total Credits per books, November 8,320 Balance per books, November 30 2,400 Balance per bank statement, October 31 5,520 Balance per bank statement, November 30 4,560 QUIZ NO. 1 IN INTERMEDIATE ACCOUNTING I PROF. MARK JAY M. GEDO CRUZ, CPA, MBA Total Debits per bank statement, November 2,800 Loan proceeds directly credited to Girly's account in October 1,200 Collection of receivable directly credited to Girly's account in November - not yet recorded in the books 600 NSF checks returned in October 900 NSF checks returned in November - not yet recorded in the books 300 Check received from a customer amounting to 1,800 was recorded in the books in October as 180 Overstatement in book debit in October 800 Overstatement in book credit in November 300 Understatement in bank debit in October 290 Overstatement in bank credit in October 370 Deposit amounting to 1,050 was recorded by the bank in November as 150 Deposits in transit - October 31 4,500 Outstanding checks - October 31 3,800 2. How much is the deposits in transit at November 30? _____________________ 3. How much is the outstanding checks at November 30? _____________________ 4. How much is the adjusted balance of cash at November 30? ____________________ Radeline Co.'s bank statement shows an overdraft of 18,500 as of August 31, 20x1. Additional information is as follows: A cash deposit of 1,380 appears on the bank statement as 1,830. The bank admits it has committed an error. The bank collected 700 from a customer on behalf of Radeline. Cash deposited in an overnight depository on August 30 but not shown on the August bank statement - 1,800 Interest on overdraft not yet recorded - 1,728 Check issued but not presented - 2,200 The bank returned a customer check for 2,000 to Radeline. 5. How much is the overdraft in Radeline's cashbook on August 31, 20x1?