Financial Accounting
3rd Edition
ISBN: 9780133791129
Author: Jane L. Reimers
Publisher: Pearson Higher Ed
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Chapter 2, Problem 38PA
1.
To determine
State the amount of
2.
To determine
Identify the amount of total liabilities that would be appeared on the December 31,2010,
3.
To determine
Identify the amount of contributed capital as of December 31, 2010.
4.
To determine
Identify the amount if net income that would appear on the income statement for the year ended December 31, 2010.
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Students have asked these similar questions
Question 16
Caloocan Corporation for the year ended December 31, 2016, you gathered the folowing:
1.
Current account at Metrobank
P2,000,000
2.
Current account at BPI
(100,000)
3.
Payroll account
500,000
4.
Foreign bank account - restricted (in equivalent pesos)
1,000,000
5.
Postage stamps
1,000
6.
Employee's post dated check
4,000
7.
IOU from controller's sister
10,000
8.
Credit memo from a vendor for a purchase return
20,000
9.
Traveler's check
50,000
10.
Not-sufficient-funds check
15,000
11.
Money order
30,000
Petty cash fund (P4,000 in currency and expense receipts for
కొడ,000)
12.
10,000
13.
Treasury bills, due 3/31/17 (purchased 12/31/16)
200,000
14.
Treasury bills, due 1/31/17 (purchased 1/1/16)
300,000
compute for thecash and cash equivalent that would be reported on the December 31,2016 balance heet.
O P3,084,00
O P2.704,000
O P2.784.c00
O P2,790,000
14 )
The following information is for Dylex Corporation:
a Balance per the bank statement dated July 31, 2014 is $29,050.
b. Balance of the Cash account on the company books as of July 31, 2014 is $15,555.
c. Bank service charges for the month amount to $30.
d. Included with the bank statement was a $25 credit memorandum for interest eamed on the bank account during the month.
e. Bank deposit on July 31, 2014 for $1,400 does not appear on the bank statement
1. Cheque #391, for office supplies in the amount of $924, was recorded in the Cash Disbursements Journal incorrectly as $9.924
g. Included with the bank statement was an NSF cheque for $700 that had been received from a customer in payment of his account
h. Cheques written that had not cleared the bank by July 31, 2014 were
#412: $1,400
#401 $1,450
# 402 $1,200
#400 $1,350
#415 $1,200
Prepare a bank reconciliation statement as of July 31, 2014, as well as the necessary adjusting journal entries.
Enter the transaction letter as the…
Chapter 2 Solutions
Financial Accounting
Ch. 2 - Prob. 1YTCh. 2 - Prob. 2YTCh. 2 - Is prepaid insurance an expense or an asset?...Ch. 2 - Prob. 4YTCh. 2 - Give an example of the matching principle from the...Ch. 2 - What is the difference between cash basis and...Ch. 2 - Prob. 7YTCh. 2 - What is GAAP? What is IFRS?Ch. 2 - Prob. 2QCh. 2 - Prob. 3Q
Ch. 2 - Prob. 4QCh. 2 - Prob. 5QCh. 2 - What are the four basic financial statements?Ch. 2 - Which financial statement pertains to a single...Ch. 2 - Prob. 8QCh. 2 - Prob. 9QCh. 2 - Prob. 10QCh. 2 - Prob. 11QCh. 2 - Prob. 12QCh. 2 - What does recognize revenue mean in accounting?Ch. 2 - Prob. 14QCh. 2 - What is an accrual? What is a deferral?Ch. 2 - Must a company collect the money from a sale...Ch. 2 - What is the cost of goods sold?Ch. 2 - Explain the difference between cash basis...Ch. 2 - Prob. 19QCh. 2 - Prob. 20QCh. 2 - Prob. 21QCh. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - Prob. 8MCQCh. 2 - Prob. 9MCQCh. 2 - Prob. 10MCQCh. 2 - Elements of the financial statements. (LO 3). For...Ch. 2 - Prob. 2SEACh. 2 - Prob. 3SEACh. 2 - Prob. 4SEACh. 2 - Prob. 5SEACh. 2 - Prob. 6SEACh. 2 - Cash versus credit sales. (LO 3, 4). Company A had...Ch. 2 - Prob. 8SEACh. 2 - Prob. 9SEACh. 2 - Prob. 10SEACh. 2 - Prob. 11SEBCh. 2 - Prob. 12SEBCh. 2 - Prob. 13SEBCh. 2 - Prob. 14SEBCh. 2 - Prob. 15SEBCh. 2 - Prob. 16SEBCh. 2 - Prob. 17SEBCh. 2 - Prob. 18SEBCh. 2 - Prob. 19SEBCh. 2 - Prob. 20SEBCh. 2 - Prob. 21EACh. 2 - Prob. 22EACh. 2 - Prob. 23EACh. 2 - Balance sheet and income statement transactions....Ch. 2 - Prob. 25EACh. 2 - Prob. 26EACh. 2 - Prob. 27EACh. 2 - Prob. 28EACh. 2 - Elements of the financial statements. (LO 3). The...Ch. 2 - Prob. 30EBCh. 2 - Elements of the financial statements. (LO 3)....Ch. 2 - Prob. 32EBCh. 2 - Prob. 33EBCh. 2 - Prob. 34EBCh. 2 - Prob. 35EBCh. 2 - Current ratio. (LO 5). The following data was...Ch. 2 - Prob. 37PACh. 2 - Prob. 38PACh. 2 - Prob. 39PACh. 2 - Prob. 40PACh. 2 - Prob. 41PACh. 2 - Prob. 42PBCh. 2 - Prob. 43PBCh. 2 - Prob. 44PBCh. 2 - Prob. 45PBCh. 2 - Prob. 46PBCh. 2 - Prob. 1FSACh. 2 - Prob. 2FSACh. 2 - Prob. 3FSA
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