Problem 3-11 (AICPA Adapted) Lovable Company prepared the following bank reconciliation on June 30: Balance per bank statement, June 30 Deposit in transit 3,000,000 400,000 Total Outstanding checks Balance per book, June 30 3,400,000 900,000) 2,500,000 The bank statement for the month of July showed the following: Deposits, including P200,000 note collected for Lovable Disbursements, including P140,000 NSF check and P10,000 service charge 9,000,000 7,000,000 All reconciling items on June 30 cleared through the bank in July. The outstanding checks totaled P600,000 and the deposit in transit amounted to P1,000,000 on July 31. 1. What is the adjusted cash in bank on July 31? a. 5,000,000 b. 5,200,000 c. 5,550,000 d. 5,400,000 2 What is the cash balance per book on July 31? a. 5,400,000 b. 5,350,000 c. 5,550,000 d. 4,500,000 3. What is the amount of cash receipts per book in July? a. 9,400,000 b. 9,600,000 C. 8,600,000 d. 9,800,000 4. What is the amount of cash disbursements per book in July? a 6,550,000 b. 6,700,000 C. 7,300,000 d. 6,850,000

This article deals with the estimation of the value of capital and its components. we'll find out how to estimate the value of debt, the value of preferred shares , and therefore the cost of common shares . we will also determine the way to compute the l…

Common stock is a type of security/instrument issued to Equity shareholders of the Company. These are commonly known as equity shares in India. It is also called ‘Common equity