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jarptica [38.1K]
4 years ago
11

In preparing its August 31, 2020 bank reconciliation, Bing Corp. has available the following information:

Business
1 answer:
pav-90 [236]4 years ago
4 0

Answer:

a. $19,800

Explanation:

The computation of the correct cash balance is shown below:

= Balance per bank statement + Deposit in transit - Outstanding checks

= $18,650 + $3,900 - $2,750

= $19,800

We simply added the deposits and deducted the outstanding checks to the bank balance so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

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The answer is D- mortgage company
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All OSHA-covered organizations are required to have _____.
Marta_Voda [28]

Answer:

a safety manual

Explanation:

OSHA = Occupational Safety and Health Administration

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4 years ago
Selected transactions from the journal of Larkspur, Inc., are presented below. Date Account Titles and Explanation Debit Credit
marshall27 [118]

Answer:

The requirement of the question is below:

Post the transactions to T accounts. (Post entries in the order displayed in the problem statement.)

The postings of the transactions to t accounts are found in the attached

Explanation:

In doing the post , I have observed strictly the rule of double that the giving account be credited and the receiving account be debited.

Also,this could be done understanding that assets ,expenses and drawings should be debited when they increase and the reverse when there is reduction.

Besides, liabilities,capital and income should be credited when they increase and the reverse for the opposite.

Check the highlighted balances as well and note that the balances are named after the side with balance brought down.

Download xlsx
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3 years ago
Rank the following instruments in terms of credit risk. In your rankings, use 1 for the greatest credit risk and 4 for the small
bija089 [108]

Answer:

a. A Ba1 corporate bond <u>2 (not investment grade)</u>

b. A ten-year BBB- corporate bond with a YTM of 7% <u>3 (medium risk but still investment grade)</u>

c. A secured loan from Argosy Gaming, which is a B- rated firm <u>4 (less risky since it is backed by a collateral)</u>

d. A senior subordinated bond from Argosy Gaming <u>1 (highest risk)</u>

Explanation:

There are two major bond rating agencies in the US: Moody's and Standard & Poor's.

Their rankings are very similar, although the letters vary a little:

AAA: safest

AA: low risk

A: low risk

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B: risky

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D: junk, in default

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Which of the following is a variable cost for a company that makes bread?
sergeinik [125]

The variable cost for a company that makes bread is : Bread ingredients.

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3 years ago
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