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Ber [7]
2 years ago
12

At the beginning of this month, the balance of clayton's checking account was $337.55. so far this month, he has received a payc

heck via direct deposit of $687.22, been charged a monthly service fee from his bank of $15.00, used a debit card linked to his account to make a purchase of $62.11, written a check for $88.14 that has already been deposited, and deposited a check written to him for $175.00. what is the current balance of clayton's checking account?
Business
2 answers:
kupik [55]2 years ago
5 0
The answer is $1034.52 hope i helped
BARSIC [14]2 years ago
3 0

Answer is $1034.52 thank me later ;)


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Arundel Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts Receivable has
Ipatiy [6.2K]

Answer:

After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

Explanation:

Arundel Company uses aging to estimate uncollectibles.

Estimated uncollectibles = $250,000 x ( 1 - 99.5%) + $70,000 x (1 - 91%) + $30,000 x (1 - 73%) + $8,000 x (1 - 17%) = $1250 + $6,300 + $8,100 + $6,640 = $22,290

The current unadjusted Allowance for Uncollectible Accounts balance is a debit balance of $2,000.

Bad debt Expense = $22,290 + $2,000 = $24,290

The adjusting entry:

Debit Bad debt Expense $24,290

Credit Allowance for Doubtful Accounts $24,290

After the adjusting entry is made, Allowance for Doubtful Accounts balance is a credit balance of $22,290

4 0
3 years ago
The following events took place at a manufacturing company for the current year:
PilotLPTM [1.2K]

Answer: $25,369.50

Explanation:

GIVEN THE FOLLOWING :

Purchased direct material = $97,000

(2) Incurred labor costs as follows: (a) direct, $58,000 and (b) indirect, $15,600.

(3) Other manufacturing overhead was $109,000, excluding indirect labor.

(4) Transferred 80% of the materials to the manufacturing assembly line.

(5) Completed 65% of the Work-in-Process during the year.

(6) Sold 85% of the completed goods.

(7) There were no beginning inventories.

Ending work in process inventory is calculated by;

(Beginning inventory + 0.8(direct material purchased) + direct Labor + (indirect labor + other manufacturing overhead)) × percentage Work in process

($0 + (0.8×97000) + 58000 + (15600+109000))×0.65

=($0 + $77,600 + $58,000 + 124600)×0.65 = $169,130

Ending WIP Inventory = (100-85)% × $169,130

0.15 × $169,130 = $25,369.50

6 0
3 years ago
A hotel chain values cleanliness and quality service. Company policy dictates that the hotels themselves be spotless with great
Furkat [3]
<h2>customer behavior and Hospitality is exhibited in the hotel</h2>

Explanation:

Hospitality:

  • Hospitality is the most important thing which any business has to follow and especially hotel industry.
  • It's taking care of guest, treating special and satisfying their needs on time.
  • It starts when the customer enters, continue till they stay and exits when they they exit.

Customer behavior:

  • Customers are king
  • They bring business and makes the company live
  • Every business is customer driven
  • Customer behavior are to be analyzed to understand the requirement

6 0
3 years ago
When building a business do you wait till you have enough products to sell then make a website and whatever, or do you just get
lord [1]

Answer:

Explanat

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5 0
2 years ago
On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 pe
hichkok12 [17]

Answer:

Paid in capital treasury stock = $1,600

Explanation:

Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.

Given,

Reacquired treasury stock = 2000 shares

As the shares were reacquired for $20,

Reacquired total treasury stock = 2,000 shares × $20 = $40,000

Reissued number of shares = 800

Market price of those treasury stock is $22 per share.

Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares

Paid in capital - treasury stock = $1,600

6 0
2 years ago
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