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notka56 [123]
2 years ago
10

If a check correclty written and paid by the bank is incorrectly recorded in the company;s's books for $794 how should this erro

r be treated on the bank reconcilliation
Business
1 answer:
worty [1.4K]2 years ago
6 0

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,  this error be treated on the bank reconciliation--- Subtract $45 from the book balance.

What is bank reconciliation?

Bank Reconciliation is an important process in accounting in which organizations match their bank statements with the transactions that are recorded in their general ledger. Preparing a bank reconciliation statement helps businesses to eliminate possible errors in transactions or bookkeeping

What is the journal entry for bank reconciliation?

The journal entries for the bank fees would debit Bank Service Charges and credit Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

Learn more about bank reconciliation :

brainly.com/question/15525383

#SPJ4

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You bought a stock one year ago for ​$50.00 per share and sold it today for ​$55.00 per share. It paid a ​$1.00 per share divide
EleoNora [17]

Answer:

A) the realized return is 12%, B) the dividend yield is 2% and the capital gain is 10% .

Explanation:

A) Calculating the realized return by using formula-

Dividend + (selling price - purchase price)  /  purchase price

= $1 + ($55-$50)  / $50

= $1 + $5 / $50

= $6 / $50

= .12

now multiplying it by 100 to make it in percentage.

= 12%

B) Calculating the dividend yield by using formula -

Annual Dividend / Purchase price

= $1 / $50

= .02

now multiplying by 100 to make it in to percentage

= 2%

Calculating capital gain by using formula -

Selling price - Purchase price  / Purchase price

= $55 - $50  /  $50

= $ 5  / $50

= .10

now multiplying by 100 to make it in to percentage

= 10%

6 0
3 years ago
What are the short-run economic effects when u.s. firms substitute labor outside of the u.s. for labor inside the u.s.?
AveGali [126]
<span>There will be a rise in employment and drop in the unemployment rate. It will be ideal for the US economy as the economy is driven on consumerism. More people with jobs means more spending. This will improve the GDP forecast and overall strengthen the broader economy.</span>
4 0
3 years ago
The periodic expensing of an asset over the property's theoretical economic life is referred to as what
Charra [1.4K]

The periodic expensing of an asset over the property’s theoretic economic life is known as the depreciation. Depreciation occurs when there is a presence of the utility’s loss and in the same time, there is a physical deterioration or economical obsolesce that causes a value or that both may occur in the same time.

8 0
3 years ago
describe(s) interactions and patterns that operate in a family over time and that are linked to expectations. ________________is
nataly862011 [7]

Satisfaction is the accounting system linked to family loyalty and indebtedness.

<h3>What is Satisfaction?</h3>

This refers to the fulfilment needs of a person being met as a result of an action or a consequence.

With this in mind, we can note that satisfaction is the accounting system linked to family loyalty and indebtedness as this controls the interactions and patterns that operate in a family over time and that are linked to expectations.

Read more about satisfaction here:
brainly.com/question/584434

7 0
2 years ago
When the Lego Movie was released to movie​ theaters, the intent was not necessarily to sell more​ Legos, but the firm did ha
Harman [31]

Answer:

The correct answer is the option B: branded.

Explanation:

To begin with, the term of <em>branded content</em>, in the field of marketing, refers to the practice that focuses in the creation of multimedia content that is funded or outright produced by and advertiser and whose main purpose is to give a message of the values of the company in the content created.

Secondly, the case of Lego is an example of branded content due to the fact that the company did not want to sell more products but instead <u>wanted to create a content that shows the values of the company such as imagination, being oneself and having fun</u>.

3 0
4 years ago
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