Nash's Trading Post, LLC developed the following reconciling information in preparing its September bank reconciliation:

Cash balance per bank, 9/30		$34200
Note receivable collected by bank		18600
Outstanding checks		28000
Deposits in transit		14000
Bank service charge		235
NSF check		3730

Using the above information, determine the cash balance per books (before adjustments) for the Nash's Trading Post, LLC.

a)$30365.

B)$5565.

C)$46600.

D)$48200.

$48100. In December, checks in the amount of $65820 were written. In November, $44030 of these checks were presented to the bank for payment, and $56590 in December. What is the amount of outstanding checks at the end of December?

$4070.

$18460.

$13300.

$9230.

The following information was taken from Concord Corporation cash budget for the month of November:

Beginning cash balance		$115200
Cash receipts		139200
Cash disbursements		192000

If the company has a policy of maintaining an end-of-the-month cash balance of $96000, the amount the company would have to borrow is

$96000.

$33600.

$0.

$52800.

Blossom Company is preparing a cash budget for September. The companys cash balance on September 1 is $27380. The company anticipates cash receipts of $131920 and cash disbursements of $138440. If Blossom Company desires a cash balance of $28320, it must

acquire financing of $940.

acquire financing of $7460.

acquire financing of $21800.

acquire financing of $5580.

Expected direct materials purchases in Pharoah Company are $781000 in the first quarter and $1004000 in the second quarter. Forty percent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are:

$870200.

$816200.

$1071000.

$1004000.

The following credit sales are budgeted by Cheyenne Corp..

January		149600
February		220000
March		308000

The companys past experience indicates that 90% of the accounts receivable are collected in the month of sale, 10% in the month following the sale. The anticipated cash inflow for the month of March is

$277200.

$308000.

$299400.

$299200.

The following credit sales are budgeted by Pina Colada Corp.:

May		$523600
June		770000
July		1078000
August		924000

The companys past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of August is

$924000.

$950488.

$905520.

$862400.

The following information was taken from Metlock, Inc. cash budget for the month of November:

Beginning cash balance		$129600
Cash receipts		156600
Cash disbursements		216000

If the company has a policy of maintaining an end-of-the-month cash balance of $108000, the amount the company would have to borrow is

$108000.

$0.

$37800.

$59400.

A check written by the company for $250 is incorrectly recorded by a company as $205. On the bank reconciliation, the $45 error should be

added to the balance per books.

deducted from the balance per books.

added to the balance per bank.

deducted from the balance per bank.

Whispering Winds Corp. gathered the following reconciling information in preparing its June bank reconciliation:

Cash balance per books, 6/30		$11600
Deposits in transit		800
Notes receivable and interest collected by bank		2040
Bank charge for check printing		70
Outstanding checks		4100
NSF check		390

The adjusted cash balance per books on June 30 is

$13640.

$13180.

$13960.

$13980.

Expected direct materials purchases in Rees Company are $210,000 in the first quarter and $270,000 in the second quarter. Forty percent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are:

$288,000.

$216,000.

$234,000.

$270,000.

In the month of May, Windsor, Inc. wrote checks in the amount of $55700. In June, checks in the amount of $76201 were written. In May, $50977 of these checks were presented to the bank for payment, and $65516 in June. What is the amount of outstanding checks at the end of June?

$10685.

$15408.

$4723.

$21370.

At April 30, Novak Corp. has the following bank information:

Cash balance per bank		$8400
Outstanding checks		$510
Deposits in transit		$1000
Credit memo for interest		$20
Bank service charge		$40

What is Novak adjusted cash balance on April 30?

$7910.

$8890.

$8870.

$8910.

A $91 petty cash fund has cash of $12 and receipts of $87. The journal entry to replenish the account would include

credit to Cash Over and Short for $8.

credit to Cash for $87.

debit to Cash for $79.

credit to Petty Cash for $87.

Pharoah Company is preparing a cash budget for September. The companys cash balance on September 1 is $43150. The company anticipates cash receipts of $207950 and cash disbursements of $218220. If Pharoah Company desires a cash balance of $44640, it must

acquire financing of $1490.

acquire financing of $11760.

acquire financing of $34370.

acquire financing of $8780.