Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,510 and the bank statement showed a bank balance of $1,295. Outstanding checks totaled $425 and deposits in transit were $225. The bank statement listed service charges of $105 and NSF checks totaling $310. The corrected cash balance is: Multiple Choice $1,295. $680. $785 $1,095. Monica wants to sell her share of an investment to Barney for $54,000 in two years. If money is worth 6% compounded semiannually, what would Monica accept today? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ). Multiple Choice $47,978 $48,060 $6,480 $47,520 As of January 1,2024 , Farley Company had a credit balance of $523,000 in its allowance for uncollectible accounts. Based on experience, 2% of Farley's credit sales have been uncollectible. During 2024 , Farley wrote off $649,000 of accounts receivable. Credit sales for 2024 were $19,600,000. In its December 31,2024 , balance sheet, what amount should Farley report as allowance for uncollectible accounts? Multiple Choice $518,000 $266,000 $392,000 $915,000