Vaughn Manufacturing has the following items at year-end: Cash in bank $36200
Petty cash 300
Short-term paper with maturity of 2 months 6000
Postdated checks 1250

Vaughn should report cash and cash equivalents of:

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Your take on decision making process

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.