In presiparing its bank feconciliation for the mont April 2012, Delano. Inc has available the followry infirmation Balance per bank stata 4/33/12 (39,300 NPS chick retuind with 4/30/1z bank stakunt 430 Deposits in konst 4/30liz 5,000 Butstanding chicks Hada savo bank service change to April what should be the adjused cash balance. Apr 30, 02 $38,630 $38,880 439,510 139.00 In preaparing its bank reconciliation for the mont April 2012, Delano, Inc. hap available the following informat Balance per bank statament 4||38|12 $39,300 NPS chick returnd with 4/30/12 bank statement 470 Deposits in transit 4/30/12 5,000 Butstanding checks 41/30/12 5,200 Bank senuce charge for April 30 What should be the adjused cash balance a April 30, 2012. $38, 630 $38, 880 $39,010 $39,100 corporation has the following account balancer, dal Common stock, $1 per value, $60,00 Paid-in Capital in Excess of Por $1,300,000 Based on this information the - legal capital is $1,3600,000 - number of share issued are 60,000... --number of share outstanding are 1.360,000 -average price per share issued is $22.50 Five thousand share of treasury stock of Maker, Inc. previously acquired at $14 per share, are sold at $20 persto The entry to record this transaction will include a -Credit to Treasury Stock for 100,000. -dobit to Paid-in capital from Treasury stock for 30,000 -debit to Treasury stuck for 70, 00 -Credit to paid-in cupital from Treasury stock for 30,000 imao wld id 8 The adquisition of treasury stock by a corpucation -increases is total asset and total stockholder's equity -decreases is total assets and total stockholder equity - has no effect on tutal assets and total stockholders equity -requires that & gain or loss be recognized on the income stactame -hang githuano de company fails to record extimated bad bets expense @cash realizable value is understated Quypenses are understated que revenues are understated Dreceivables are understated. tilibra Which of the following factor dives not affect the initial market price of a stock? wolf 2001 naterao A3 - the per value of the stock the company's anticipated future earnings just nucl -the currents state of the economy. *the uxpected dividend rote per share Deposits in transit `a- have been recorded on the company book but not.. yet by the bank b-have been recorded by the bank but not yet by the company. C-have not been recorded by the bank the company d-are checks from south culturers wich have not yet been received by the company. Retained earning S --alway equal to the amount of cash that the corporation has generated from operations. * -o part of the paid-in capital of the corporation -a part of the stockholders claim on the total assets of corporation - closed at the end of each accounting period. bed Treasury stack is -stock issued by the U.S. treasury Departement - Stack purchased by a corporative and held as an investment in its treasury - corporate stock issund by the treasure of a company -a corporation's own stock which been reacquired but not refired tilibra In preparing it bank reconciliation for the month of April 2012, Hoskins, Inc has available the following information. Me Balance bank statanunt 4/30/12 427,280 por NSF check returned with 4/30/12 bank stakrunt 900 Deposits in transit 4/30/12, 7,000 Dutstanding chocks 4/30/12 10,400 Bank service charges for April What should be the adjusted cash balance at April 30, 2012? $22.940 $22,980 423,840 $23,880 A corporation purchase $30,000 shares of its own $30 por common stock for $45 por shore, recording it a cost. what will be the effect. futail stockholder's equity? @ Increase by $1,350,00 in Decrease by $900,000 Decrease by $1,350,000 @ Increase by $ 900, 000) was Notification by the bank a deposited costunur chock, returned NSF requires that the company make the following adjusting entry.. @) accounts receivable cash cash account receivable. miscellaneus expenser account receivablemer ska T No adjusting entry is necessary. Trijono lithitech() tilibre If the north end bank statement show balance of $34.000, outstanding chicks are $10,000, deposit of $4,000 was in transit at month wend, and a was Bank check the account the correct balance in the bank account atmont and is (2)$29,400 B0,600 @$41,400 Aaron, Inc paid $90,000 to by brick $10,000 shared of its & par "value common stock. This stuck was sold later at selling price of $he per share. The entry to: record the sale inclues a: @cbit to retained earning for $30,000 16 credit to retained earning for $19.000. debit to paid- in capital from Treasury Stick for $90,000 Credit to pard-in capital from Treasury for $10.000 The term "receivables' refers to @Omounts due from individual or companies tuli merchandise to be collected from individuals or companies Cash to be paid to Creditor Cash to be paid to debtor Interest is usually associated with @ account receivable 16 pute receivable doubtful accounts 6 hod delays tilibra A factor with distinguished the corporate form of organization from a su propietorship or partnership it is that a - corporation is organized for the purpose of making a profit - Corporation is subject to more federal and state goverment -Corporation is an accounting economic entity. corporation temporary account are closed of the end of the accounting period. regulation What is ordinarily the first skip in the formation of a -development of by laws for the corporation Issuance of the corporate charter application for incorporation to the appropriate Secretary of State the Duda Each of the following item affect the cash balance per book except @bank Service charges 16 note collected by the bank NSF checks outstanding checks If stock for less than par value, the account -paid- in capital in excess of par is credited -paid-in capital in excess of par is de bat balance wisti Han in the account m - lo mismo cumbic Credit Ap retained earning is cread. tilibra Threasury stock is generally accounted for by the Cost method market value method. par value method stated value method. Thasury stuck be reported in the financial Statarunts of a corporation as a (n) @@ investment 6 liability deduction from total paid - in capital deduction from total paid-incapital and returned earnings theppman Company wroks Check totaling $8,540 deurg Docher and '$ 9,325 during November $8,120 of these. checks cleared the bank in October, and $9,110 cleared the bank in Novembre. What was the amount of Oustanding checks on November 30? - @DS & 215 64420 635 4785 acheck corectly written and paid by the bank. for $40 $418 is incorrectly recorded in the company's book. for $1181 the appropriate treatment on the bank reconciliation would be to: @add $43 to the bank's, balance 5 add 163 to the books balance dduct $63 from the bank belonce. A dedu4 $49 from the book balance tilibra 6 4 ( 4 1