question 4 and 6

i didnt know will u please answer them, its only teo questions

Question 4 of 7 Current Attempt in Progress The controller for Clint Wildhorse Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. 2 3 4. 5. 6. Commercial savings account of $614,200 and a commercial checking account balance of $845,200 are held at First National Bank of Yojimbo Money market fund account held at Volonte Co. (a mutual fund organization) permits Wildhorse to write checks on this balance, $5,261,400 Travel advances of $186,200 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) A separate cash fund in the amount of $1.493,000 is restricted for the retirement of long-term debt. Petty cash fund of $1.730. An LO.U. from Marianne Koch, a company customer, in the amount of $168,500. A bank overdraft of $126,600 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank. The company has two certificates of deposit, each totaling $595,000. These CDs have a maturity of 120 days. Wildhorse has received a check that is dated January 12, 2021, in the amount of $134,030. Wildhorse has agreed to maintain a cash balance of $540,700 at all times at First National Bank of Yojimbo to ensure future credit availability Wildhorse has purchased $2,016,600 of commercial paper of Sergio Leone Co. which is due in 60 days. Currency and coin on hand amounted to $8,022. 7. 8. 9. 10. 11. 12 (a) Compute the amount of cash and cash equivalents to be reported on Wildhorse Co's balance sheet at December 31, 2020. $ The amount of Cash and Cash Equivalents reported on December 31, 2020 urrent Attempt in Progress The controller for Clint Wildhorse Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. 2. 3. 4. 5. 6. Commercial savings account of $614,200 and a commercial checking account balance of $845,200 are held at First National Bank of Yojimbo. Money market fund account held at Volonte Co. (a mutual fund organization) permits Wildhorse to write checks on this balance, $5,261,400. Travel advances of $186,200 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) A separate cash fund in the amount of $1,493,000 is restricted for the retirement of long-term debt. Petty cash fund of $1,730. An 1.0.U. from Marianne Koch, a company customer, in the amount of $168,500. A bank overdraft of $126,600 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank. The company has two certificates of deposit, each totaling $595,000. These CDs have a maturity of 120 days. Wildhorse has received a check that is dated January 12, 2021, in the amount of $134,030. Wildhorse has agreed to maintain a cash balance of $540,700 at all times at First National Bank of Yojimbo to ensure future credit availability Wildhorse has purchased $2,016,600 of commercial paper of Sergio Leone Co. which is due in 60 days. Currency and coin on hand amounted to $8,022. 7. 8. 9. 10. 11. 12. (a) Compute the amount of cash and cash equivalents to be reported on Wildhorse Co's balance sheet at December 31, 2020, $ The amount of Cash and Cash Equivalents reported on December 31, 2020 Question 6 of 7 0.48 / 0.72 Your answer is partially correct. Splish Company reports the following financial information before adjustments. Cr. Dr. $140,800 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $2,480 816,800 53,910 Prepare the journal entry to record bad debt expense assuming Splish Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,540 debit balance. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Bad Debt Expense Allowance for Doubtful Accounts (b) Bad Debt Expense Allowance for Doubtful Accounts e Textbook and Media Your answer is partially correct. Splish Company reports the following financial information before adjustments. Cr. Dr. $140,800 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $2,480 816,800 53,910 Prepare the journal entry to record bad debt expense assuming Splish Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,540 debit balance. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Bad Debt Expense Allowance for Doubtful Accounts (b) Bad Debt Expense Allowance for Doubtful Accounts e Textbook and Media