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1 year ago

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a?

1 answer:

7 0

While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a Credit to cash, debit to bank fees expense.

Bank Reconciliation is an important manner in accounting wherein agencies healthy their bank statements with the transactions which can be recorded in their preferred ledger. making ready a financial institution reconciliation statement facilitates businesses to put off viable errors in transactions or bookkeeping.

There are 5 principal kinds of bank reconciliation: financial institution reconciliation, consumer reconciliation, dealer reconciliation, inter-company reconciliation, and business-unique reconciliation.

In bookkeeping, a financial institution reconciliation is a procedure by using which the financial institution account balance in an entity’s books of account is reconciled to the balance said by using the monetary organization inside the maximum latest bank declaration. Any distinction between the 2 figures needs to be examined and, if appropriate, rectified.

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What does the last paragraph in a cover letter deal with ?

scoundrel [369]

Answer:

contact

Explanation:

The closing paragraph of a cover letter is where you can mention your contact information and request for an interview.

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3 years ago

On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are c

Kruka [31]

Answer:

Options Include:

A. $20,000

B. $16,800

C. $18,200

D. $21,800 is Correct

Explanation:

Interest income for a bond provided at a discount is equal to the total of both the periodic cash flows as well as the value of the amortized bond discount during the interest duration.

Periodic cash flows are equivalent to $20,000 ($500,000 death benefit multiply by 8 percent coupon rate multiply 1/2 year). The amortization for the discount is provided as $1,800.

Income for the six-month period from July 1 to December 31, Year 4, is therefore $21,800 ($20,000 + $1,800).

6 0

2 years ago

The sales tax in Massachusetts is 5%. Joanne bought a wood stove with a sales tax of $15. What was the cost of the wood stove be

Leya [2.2K]

Answer:

$315

Explanation:

The before-tax cost of the wood stove would comprise of 100% sales price plus 5% sales tax as hinted.

If 5%=$15=sales tax

before-tax sales price=100% sales price+5% sales tax

before-tax sales price=105%

sales tax of 5%=$15

1%=$15/5

1%=$3

105%=$3*105

105%(before tax sales price)=$315

7 0

2 years ago

"three workers complete a full 8-hour day finishing concrete for a terrace. all three workers are paid $12 an hour and the job b

kati45 [8]

Direct labor cost is wages that are incurred in order to produce specific goods or provide specific services to customers. The total amount of direct labor cost is much more than wages paid.
Given that 3 workers, working 8 hours in a day are paid $12. The total amount paid to workers are:
12x8x3=$288
The cost of direct labor will therefore be:
450-288
=$192

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3 years ago

The balance sheet reports the A. financial position for a specific period. B. financial position on a specific date. C. results

Morgarella [4.7K]

Answer: A

Explanation:

Balance sheet report the financial position for a specific period

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3 years ago