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The balance shown in the August bank statement of Colt Company was 3,200 before the bank reconciliation was prepared. After examining the ugust bank statement and items included with it, the company's accountant found: Checks outstanding S4,300 140 1,200 1,800 60 NSF check Note collected by bank for the Colt Company Deposit outstanding Bank service charges What is the amount of cash that should be reported in the balance sheet for August 31? A. S20,700 B. S17,200 C. $18,700 D. $22,200 9, During 2016 and 2017, CBA Inc. drove their truck 15,000 and 22,000 miles, respectively, to deliver supplies to their customers. If they originally purchased the truck at the beginning of 2016 for $175,000 and the truck has an estimated life of 10 years and 320,000 miles with an estimated residual value of $15,000, what amount of depreciation expense should CBA record in 2017 using the activity method? A. $11,000 B. $18,500 C. $7,500 D. $16,000 A company has outstanding 9 million shares of S2 par value common stock and 1 million shares of $4 par value preferred stock. The preferred stock has an 8% dividend rate. The company declares S600,000 in total dividends for the year. Which of the following is correct if dividends in arrears are __10. S30,000? A. Preferred stockholders will receive $350,000; common stockholders will receive $250,000

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