Risks commonly considered to understand project financing are:

The company is prepared to invest a maximum of $18,817,204 for the project.

the answer that is correct is a) Fast. The reasoning behind this can be guessed quite easily. Primarily, individuals tend to be risk-averse when it comes to valuing their money, which means they generally avoid taking risks. Even though opportunities that promise higher profits, increased visibility, or greater monetary rewards seem enticing initially, they inherently come with unavoidable risks, and there is always a possibility that such opportunities may not yield the expected outcomes. That being said, raising funds rapidly becomes a challenging task.

Answer:

The total comes to $121.2.

Explanation:

You went grocery shopping and paid with a check.

Cost of groceries: $45.20.

Your check bounced, resulting in a $25 fee from the bank due to insufficient funds in your account at the time of payment for groceries.

The bank also charged your account an additional $25 for the bounced check.

The grocery store notified you that you owed them a $25 fee because of the bounced check.

You will need to pay $45.20 again.

Money order cost: $1.

Therefore, your total grocery expenditure equals:

$45.20 (actual grocery cost) + $25 (owed to the bank for your friend's bounced check) + $25 (bank fee for bounced check) + $25 (fee charged by the grocery store for the bounced check) + $1 (money order)

= $121.20.

Thus, your actual outlay for groceries amounts to $121.20.

Answer:

1. Adjusted cash balance equals the adjusted balance from the bank statement, totaling $133,620.

2. Refer to the journal entries and details provided in section 2 below.

Explanation:

The data presented in the question has been compiled and organized in the attached Excel document prior to answering the questions as follows:

1. Complete the bank reconciliation for December 31, 2019.

The bank reconciliation is shown in two formats:

a) Based on cash book balance

Gibson Energy Ltd.

Bank Reconciliation  

as of December 31, 2019  

Details                                                                   Amount ($)    

Cash book balance at December 31 awaiting reconciliation         62,000

Add:

Note receivable collected from XYZ Corp                            80,000

Less:

Dishonored NSF check                                               (7,000)

Overdraft interest expense                                            (1,320)

Bank service charge                                                   (60)  

Adjusted cash balance as of December 31                             133,620  

b) Based on bank statement balance

Gibson Energy Ltd.

Bank Reconciliation  

as of December 31, 2019  

Details                                                                       Amount ($)    

Bank statement balance at December 31 awaiting reconciliation          131,620

Add:  

Cash deposited on December 9 yet to be recognized          85,000

Cash deposited on December 31 yet to be recognized            15,000

Check #52094 issued in error                                      62,000

Less:

Outstanding checks 233                                                    (83,000)

Outstanding checks 239                                                    (77,000)  

Adjusted bank statement balance as of December 31                 133,620  

2. Document the journal entries needed to align the Cash in Bank account with the adjusted cash balance on the December 31 bank reconciliation, including explanations.

Date      Account Title & Description              DR ($)           CR ($)  

31 Dec 19    Cash                                                80,000  

                   Note Receivable                                                     78,049

                   Interest on Note Receivable                                       1,951

                  (To record note receivable & interest collected from XYZ)    

31 Dec 19   Overdraft interest expense                1,320

                  Service charge                                        60

                  Cash                                                                           1,380

                   (To record interest expense and bank charges)                  

31 Dec 19   Accounts Receivable                           7,000

                    Cash                                                                           7,000

                  (To record NSF check that was dishonored)