Search or type a command 202 Gr.01) 6. Jansen Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 56,600 Deposits in transit, $900 Interest earned on average bank balance of the company. $2,220 A check issued for payment of electricity expense in the amount of $145 is erroneously recorded in the accounting books as $70. Outstanding checks, $4,500. NSF check $420 The adjusted cash balance per books on April 30 is Search or type a command 2 Gr.01) 5. ABG Company receives 12%, $50,000 note from a customer on December 1, 2019. The note is due on April 1, 2020. The company adjusts the accounts at year-end. What is maturity value of the note? Search or type a command 01) 7. On January 5, 2019, Prince Company acquired in cash 3,000 shares of ABC Inc., to keep as short- term marketable securities at a price of $8.7 per share. To acquire these shares, Prince Company paid additional $900 as commission fees. In recording this transaction, the journal entry will include: F Search or type a command "m exam (ACCT202 Gr.01) 8. A company uses balance sheet approach. The following aging schedule is prepared. Before adjustment, the allowance for doubtful accounts has a debit balance of $1,000. Age group Amount Probability of becoming uncollectible Not due yet $11,000 2% 1-30 days past due 2,500 5% 31-60 days past que 2,400 10% 61-90 days past due 600 25 % Over 90 days past due 3.500 45% The adiursting entry at the end of the period will include