The balance in the Colt Company's cash account on August 31 was $18,900 before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found: Checks outstanding $4,500 NSF check 110 Note collected by bank for the Colt Company 1,500 Deposits outstanding 4,000 Bank service fees 50What is the amount of cash that should be reported in the balance sheet as of August 31?A. $18,740B. $18,400C. $20,350D. $20,240

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.