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3 years ago

Match the items with the actions necessary to reconcile the bank statement.

Business

2 answers:

Leokris [45]3 years ago

8 0

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

BlackZzzverrR [31]3 years ago

7 0

Answer:

The correct answers are:

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

Explanation:

As they are a credit to the holder, i.e. they add to his bank account, this item is added, i.e. it is added to him by the amount of interest credited.

As the bank is an intermediary payment institution, it adds to its policies the collection of commissions for returned checks, as well as charges you commissions for account maintenance.

When we issue checks and these are not deposited, it often happens that we in our accounting have a lower amount than the bank statement, therefore we have to deduct those values from the statement, as they will surely be deposited later.

When a bank deposit is made this late a time to be accounted in the bank statement, therefore, until this happens we have to add it up as it is a matter of time for it to reflect

Have a nice day!

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If the demand for loanable funds shifts to the right, then the equilibrium interest rate and quantity of loanable funds rise.

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3 years ago

A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o

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The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

127 = $1,403

∴ 100 = $1,403/127 × 100

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1 year ago

What are the functions of business.

expeople1 [14]

The most likely answer is option D

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2 years ago

A corporation purchased manufacturing equipment for $100,000, with an estimated useful life of 10 years and a salvage value of $

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Answer:

The second year’s depreciation for this equipment using the straight line method is 8,500

Explanation:

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The formula to compute the depreciation under straight lie method is shown below:

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3 years ago

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