Waterway, Inc. had the following bank reconciliation at March 31, 2020: $38600 Balance per bank statement, 3/31/20 Add: Deposit in transit 6390 44990 Less: Outstanding checks 8700 Balance per books, 3/31/20 $36290 Data per bank for the month of April 2020 follow: Deposits $47200 Disbursements 48900 All reconciling items at March 31, 2020 cleared the bank in April. Outstanding checks at April 30, 2020 totaled $6040. There were no deposits in transit at April 30, 2020. What is the cash balance per books at April 30, 2020? O $32850 O $34590 $28550 O $29850 Bramble Company wrote checks totaling $34200 during October and $36830 during November. $32560 of these checks cleared the bank in October, and $36440 cleared the bank in November. No checks were outstanding at October 1. What was the amount of outstanding checks on November 30? O $2630 O $390 O $2030 O $1640 Sunland Company gathered the following reconciling information in preparing its August bank reconciliation: $19200 900 Cash balance per books, 8/31 Deposits in transit Notes receivable and interest collected by bank Bank charge for check printing Outstanding checks 4740 140 12900 NSF check 1180 The adjusted cash balance per books on August 31 is $22620. $10620. $9720. $23520. Sheffield Company assembled the following information in completing its March bank reconciliation: balance per bank $7790; outstanding checks $1620; deposits in transit $2540; NSF check $220; bank service charge $70; cash balance per books $9000. As a result of this reconciliation, Sheffield will O reduce its cash account by $290. O reduce its cash account by $70. increase its cash account by $150. O reduce its cash account by $920. In the month of November, Marigold Company Inc. wrote checks in the amount of $27860. In December, checks in the amount of $37985 were written. In November, $25410 of these checks were presented to the bank for payment, and $32640 were presented in December. No checks were outstanding at November 1. What is the amount of outstanding checks at the end of December? O $7795 $5345 O $17355 O $56165 In reviewing the accounts receivable, the cash realizable value is $15990 before the write-off of a $1510 account. What is the cash realizable value after the write-off? $1510 $14480 $15990 O $17500 Oriole Company receives a $22000, 3-month, 8% promissory note from Pronghorn Company in settlement of an open accounts receivable. What entry will Oriole Company make upon receiving the note? Notes Receivable 22440 Accounts Receivable-Pronghorn Company 22000 Interest Revenue 440 Notes Receivable 22440 Accounts Receivable-Pronghorn Company 22440 Notes Receivable 22000 Accounts Receivable-Pronghorn Company 22000 Notes Receivable 22000 Interest Receivable 440 Accounts Receivable-Pronghorn Company 22000 Interest Revenue 440 The interest on a $5800, 6%, 60-day note receivable is O $696. O $58. O $232 O $348
