Kingbird Import Company had credit sales of $1824000. The beginning accounts receivable balance was $188000 and the ending accounts receivable balance was $319000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period? O $2069000. Ⓒ$1824000. O $2012000. $1402000

Kingbird Import Company had credit sales of $1824000. The beginning accounts receivable balance was $188000 and the ending accounts receivable balance was $319000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period? O $2069000. Ⓒ$1824000. O $2012000. $1402000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Buenos días haber si me pueden ayudar. pregunta puedo enviar dos ejercicios juntos.
Required information [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,672 debit balance, but its July bank statement shows a $27,829 cash balance. b. Check No. 3031 for $1,430, Check No. 3065 for $491, and Check No. 3069 for $2,198 are outstanding checks as of July 31. c. Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. d. The July bank statement shows the bank collected $10,000 cash on a note for Branch. Branch had not recorded this event before receiving the statement. e. The bank statement shows an $805 NSF check. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. f. The July statement shows a $15 bank service charge. It has…
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The controller of Sim Company is trying to determine the amount of cash and cash equivalents to be reported on its December 31, 2021 statement of financial position. The following information is provided: a. Balances in the company's accounts at BPI bank: Checking account - P540,000 Savings account - P884,000 b. Undeposited customer checks of P208,000. c. Currency and coins on hand of P23,200. d. Savings account at PNB with a balance of P350,000. This account is being used to accumulate cash for future plant expansion (in 2023). e. P800,000 balance in checking account at PNB. In exchange for a line of credit, Sim has agreed to maintain a minimum balance of P100,000 in this account. f. Treasury bills: 30-day maturity bills totaling P600,000, and 180-day bills totaling P800,000. What total amount of cash and cash equivalents should be reported in the current asset section of the 2021 statement of financial position?
Can I please get help with this question along with a quck explaination on how I can do it?
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