________ is not information generally found in your credit report.

Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,600. The bank reconciliation for the period showe

gayaneshka [121]

Answer:

Option B $17,285 is correct the answer.

Explanation:

Computation Table

Particular Amount

Ending balance $18,600

Add: Deposit in transit $1,550

Less: Outstanding $2,100

Add: NSF check $800

Add: Bank charges $35

Less: EFT $1,600

Cash balance $17285

3 0

3 years ago

A lockbox plan is most beneficial to firms that Select one: a. have widely dispersed manufacturing facilities. b. have a large m

Anestetic [448]

Answer: d. have customers who operate in many different parts of the country

Explanation: When checks are to be collected from customers of a business that are spread over a wide geographical area, a lockbox plan is employed in order to speed up the collection of checks. It involves the customers dropping their checks in the lock boxes rather than mailing it to the business thus, the use of lockboxes help reduce mail float.

8 0

3 years ago

Spalding Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company tha

lora16 [44]

Answer:

Amoun of sales Revenue for the first quarter of 2019

Jan $120,000

Feb ( 120,000*1.05) 126,000

March ( 126,000* 1.05) 132,300

378,300

 Cash Receipt schedule for the first quarter of 2019

Jan Feb March

Jan sales $84,000 24,000 12,000

Feb sales - 88,200 25,200

March sales - - 92,610

84,000 112,200 129,810

Amount of Account Receivable as of MArch 2019

Feb sale 10%* 126,000 $12,600

March sales( 20%* 132,300) + (10%*132300) 39,690

52,210

Explanation:

cash receipt

Jan Sales : Jan 70% * 120,000 = 84,000

feb 20%* 120,000 = 24,000

March 10% * 120,000 = 12,000

Feb sales : Feb 70%*126,000 = 88,200

March 20% * 126,000 = 25,200

April 10%* 126,000 = 12,600

March sales : March 70%* 132300 = 92,610

April 20%*132300 = 26,460

May 10%*132300 = 13,230

5 0

3 years ago

A company is considering producing some new gameboy electronic games. based on past records, management believes that there is a

german

Market research predicted these

8 0

3 years ago

The great disparity in economic prosperity between north and south korea can best be explained by the _____________.

Diano4ka-milaya [45]

Political and economic system differences

5 0

3 years ago

​________ is not information generally found in your credit report.

________ is not information generally found in your credit report.