BA 73 Don Jelyn E - Lecture notes 1-10 PDF

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Jelyn E. Don

April 8, 2021

III BSA – B

BA 73

PROBLEM 2 Req. 1 20X6 1/1

Investment Available for Sale Securities

11,500.0 0 11,500.0 0

Cash [ (150 x P20)+(200 x P30)+(100 x P25) ] 2/1

Investment Available for Sale Securities (20,000+12,000) Interest Income [(20,000x12%x5/12) + (12,000 x 10% x 4/12)

32,000.0 0 1,400.0 0 33,400.0 0

Cash 2/1

Petty Cash

500.0 0 500.0 0

Cash 2/28

1,200.0 0

Cash

1,200.0 0

Interest Income (20,000x12%x6/12) 2/28

Postage Expense Office Supplies Expense Transportation Expense Miscellaneous Expense

110.0 0 170.6 5 45.0 0 43.5 0 369.1 5

Cash 2/28

Cash shortage

3/31

Cash [125.50-(500-369.15)] Cash (1,500+600)

5. 35 5.3 5 2,100.0

Interest Receivable (20,000x12%x1/12)

0 200.0 0 1,500.0 0 800.0 0

Dividend Revenue Interest Income [(12,000x10%x6/12) + (20,000x12%x1/12)] 3/31

Unrealized Decrease in Value of Available for Sale Securities

900.0 0 900.0 0

Allowance for change in value of Investment (42,600 - 11,500 -32,000) 3/31

Postage Expense Office Supplies Expense Miscellaneous Expense Cash

140.0 0 75.3 0 54.2 0 269.5 0

Req. 2 CANADA CORPORATION Bank Reconciliation March 31, 20X6

Balance per bank Add: Deposit in transit

P

13,459.75 2,100.00

Total Less: Outstanding checks

P

15,559.75 2,365.40

Adjusted cash balance

P

13,194.35

Balance per book

P

11,689.95

Add: Note collected by bank Interest on Note

P

Less: Bank service charge NSF Check returned

P

Adjusted cash balance

1,500.00 100.00

1,600.00

20.00 75.60

95.60 P

13,194.35

Req. 3 20X6 3/31

1,600.0 0

Cash

1,500.0 0 100.0 0

Notes Receivable Interest Income 3/31

Miscellaneous Expense Accounts Receivable Cash

20.0 0 75.6 0 95.6 0

PROBLEM 3 Req. 1

Req. 2

PROBLEM 4

Dividend Revenue (10,000 x P1.00)

P

Unrealized Increase in the value of Securities [10,000 x (P63-P60)

P

Carrying Value of the Investment (10,000 x P63)

P

10,000.0 0 30,000.0 0 630,000.0 0...