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2 years ago

How would you reconcile for a bank service fee listed on the statement?

1 answer:

3 0

To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.

<h3>What are bank service fees?</h3>

Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.

During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.

Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.

Learn more about bank service charges at brainly.com/question/26494219

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Edmund must pay $6 each for punk rock video cassettes, ????. Edmund is paid $24 per sack for accepting garbage, ????, and his re

Reil [10]

Answer:

The equation for Edmund's budget line is 6C - 24G = 48

Explanation:

A budget line shows all possible combinations of two commodities that a consumer can buy at a given income level and at given market prices of commodities. The equation of the budget line is as follows.

M = (Px).X + {Py).Y where

M = Income

Px = Price of commodity X

X = Units of commodity X purchased

Py = Price of commodity Y

Y = Units of commodity Y purchased

In this question, Edmund's income is $48. Let C represent the units of punk rock video cassettes that he buys. Each one costs $6.

In addition, rather than spending on another commodity, he earns $24 per sack for accepting garbage. Let G represent the number of garbage sacks he accepts. Putting these values in the above equation, we have:

48 = 6C - 24G

Rearranging the equation, we have the final answer, which is:

6C - 24G = 48

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4 years ago

Which of the following factors, all else being equal, will increase the net present value of cash? 1) increase in reclamation 2)

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Answer:

increase in capital expenditure

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3 years ago

Read 2 more answers

Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop

tekilochka [14]

Answer:

cash 15,000 debit

account receivables 15,000 credit

cash 3,000 debit

A/R 5,000 debit

service revenue 8,000 credit

COGS 6,800 debit

Merchandise 6,800 credit

Cash 4,000 debit

A/R 4,000 credit

Cash 2,500 debit

*unearned revenue 2,500 credit

**utilties payable 800 debit

cash 800 credit

salaries expense 3,500 debit

cash 3,500 debit

***prepaid expene 375 debit

prepaid insurance 1,125 debit

cash 1,500 credit

repairs expense 700 debit

cash 700 credit

utilities expense 900 debit

utilities payable 900 credit

Explanation:

We will record following the debit = credit rule

* It will be considered unearned revenue as we didn'0t perform the services we have the obligation to do so therefore, it is a liability.

**as the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable

*** 1,500 is the full contract value for 4 months:

1,500 / 4 = 375 per month

one most is declared as expense and the remainder as prepaid.

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3 years ago

Vetox sells industrial chemicals. One of their inputs can be purchased in either jugs or barrels. A jug contains one gallon, whi

soldier1979 [14.2K]

Answer:

D. They might order a greater number of gallons with jugs or with barrels, depending on various factors like the demand rate, ordering cost, and holding cost.

Explanation:

Let us assume the following things

D be the demand rate

P be the Unit cost

H be the holding cost per gallon per months

S be the ordering cost

Now the economic order quantity is

EOQ units = Q = √(2DS ÷ (H))

Therefore, the order quantity would be based upon demand rate, ordering cost and holding cost.

So the last option is correct

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3 years ago

Elise Philips, a leading fashion designer, connects with her followers through a strong online presence, promoting her brand and

galben [10]

<u>Answer</u>:

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<u>Explanation</u>:

A word “Blog” etymologically speaking, comes from the combination of 2 words- Web and log.

Essentially, a blog is an online account or expression of the writer, and is started with people putting their private experiences online but it has now become a very popular means of promotion and is gaining popularity in most urban areas.

Blog Marketing entails using blogging websites such as Wordpress among others to promote ones’ product to the masses.

The main advantages of Blog marketing include that firstly, it is easier to manage and economically feasible, secondly, it is an effective tool of marketing, especially amongst millennial, thirdly, it gives a more personalised approach to marketing and lastly, it is a great way to improve one’s Search Engine Optimisation ranking.

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