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Lilit [14]
3 years ago
13

If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at

month end, and a check for $2300 was erroneously charged by the bank against the account, the correct balance in the cash account at month end is:
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

$119,300

Explanation:

the bank balance must be adjusted by adding the deposit in transit and the check that was charged against the account by mistake, and you must also subtract outstanding checks:

adjusted bank balance = $148,000 + $17,000 + $2,300 - $48,000 = $119,300

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$256,284

Explanation:

The computation is shown below:

First, Calculate the predetermined overhead rate per hour which equals to

=  (Estimated manufacturing Overhead cost ÷ estimated machine hours)  

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So, the applied overhead or manufacturing overhead allocated equals to

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Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

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Answer:

a. The company must have had net income equal to zero in 2009.

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However it is unlikely that the company will pay out the entire amount it earns in a particular year but a percentage of earnings.

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