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sesenic [268]
3 years ago
11

Rainey Company's true cash balance at October 31 is $5,710. The following information is available for the bank reconciliation:

Business
1 answer:
photoshop1234 [79]3 years ago
3 0

Answer:

$5,400

Explanation:

We are given the cash balance per books and we are told to determine the cash balance per bank. The following formula is used to calculate the cash balance per book:

cash balance per books = cash balance per bank + notes receivable collected by bank  -  bank service charge -  NSF check

$5,710 = cash balance per bank + $1,000 - $90 - $600

cash balance per bank = $5,710 + $90 + $600 - $1,000 = $5,400

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Cash Flow Statement provides a summary of cash coming into and money going out of a firm from operations activities, financing activities, and investing activities.

<h3>What is Cash Flow Statement?</h3>

A financial document called the cash flow statement (CFS) outlines the inflow and outflow of a company's cash and cash equivalents (CCE). The CFS gauges how effectively a business manages its cash position, or how successfully it generates cash to cover its debt payments and finance its operating costs. The balance sheet and the income statement are two of the three primary financial statements, and the CFS is the third. We'll outline the CFS's structure and application to company analysis in this article.

A cash flow statement lists all of the cash and cash equivalents that come into and go out of a business.

A company's cash management, especially how successfully it earns cash, is highlighted by the CFS.

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8 0
1 year ago
A company set up a petty cash fund with $800. The disbursements are as follows:
kkurt [141]

Answer:

The correct option is B,cash at bank.

Explanation:

In creating the fund,cash of $800 needs to made available to the petty cash account.

In order to achieve this,the cash is moved from the cash at bank to petty cash which effectively means that the cash at bank the giving account should be credited while the receiving account,the petty cash account is debited.

Option B is correct since it is the account meant to be credited in order that the petty cash fund account can be created

3 0
3 years ago
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2 years ago
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I'm guessing 2 children, since about half of the world's population is made up of people who can have children (women)
7 0
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Answer and Explanation:

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2 years ago
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