1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
levacccp [35]
3 years ago
8

The Cash account of Safe and Secure Security Systems reported a balance of $2,490 at May 31, 2011. There were outstanding checks

totaling $500 and a May 31 deposit in transit of $300. The bank statement, which came from Tri Cities Bank, listed the May 31 balance of $3,360. Included in the bank balance was a collection of $680 on account from Ryan Saar, a Safe and Secure customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Safe and Secure earned on its bank balance.
Prepare Safe and Secure’s bank reconciliation at May 31.
Business
1 answer:
Alja [10]3 years ago
5 0
Book Balance :             $2,490                        Bank Balance:           $3,360
Add:                                                              Add:
Ryan Saar payment          680                         Deposits in Transit          300   
Interest Revenue                 10     
Less:                                                            Less:
Service Charge                ($20)                       Outstanding Checks       (500)
                             ===========                                              ==========
Cash Balance              $3,160                        Bank Balance            $3,160

*The payment made by Ryan Saar was directly deposited to the bank; therefor, it is not yet recorded in the company books. The same with the Interest Revenue Earned and Service Charge Fees.

*The Deposits in Transit and Outstanding Checks are not yet recorded in the bank because the deposits are still in transit while the outstanding checks are not yet cashed; however, these items were already recorded in the company books.
You might be interested in
Suppose that we want the number of male employees in each department making more than $30,000, rather than all employees (as in
DanielleElmas [232]

Answer:

The query may still be specified in SQL by using a nested query as follows (not all

implementations may support this type of query):

SELECT DNAME, COUNT (*)

FROM DEPARTMENT, EMPLOYEE

WHERE DNUMBER=DNO AND SEX='M' AND DNO IN ( SELECT DNO

FROM EMPLOYEE

GROUP BY DNO

HAVING AVG (SALARY) > 30000 )

GROUP BY DNAME;

Explanation:

7 0
3 years ago
If the ratio for unit cost to sales price for a product is 1:4, how much would the selling price be for a product if it has a un
Mkey [24]
Ratio and proportion is a useful method in determining a value using a known constant in ratio form. In this case, the ratio of cost to price is always 1/4. Hence, the solution goes as follows:

1/4 = 33.85/price
Price = 33.85*4
Price= $135.4 
6 0
3 years ago
It is important to strengthen the presentation through the use of charts, catalogs, brochures, pictures, ads, illustrations, map
aliina [53]

Answer:

Presentations are a vital source of marketing a product. The sales team can impact a client by its presentation skills. The presentation is impacting if it contains graphs, charts and pictures. This enables the client easy comparison among other products.  

Explanation:

The presentations helps the sales team to market their product easily. The brochures, pictures, catalogs and graphs are used for easy illustrations. They help the managers and clients to easily understand the product features and its performance over years with comparison of other products.

7 0
3 years ago
Would it be more profitable to own 200 shares of Penny's pickles or 1 share of Exxon ?
ZanzabumX [31]

1 share of exxon, pennys pickles isnt exactly the most booming market right now

7 0
3 years ago
Read 2 more answers
"In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering fro
34kurt

Answer:

Inelastic

Explanation:

The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand

Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down

So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic

4 0
3 years ago
Other questions:
  • What is markerting management
    9·1 answer
  • Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due
    14·1 answer
  • Which of the following poses a particular danger to motorcyclists and can compel them to change their position?
    11·1 answer
  • The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
    6·1 answer
  • Zhao Co. has fixed costs of $390,600. Its single product sells for $181 per unit, and variable costs are $119 per unit. If the c
    14·1 answer
  • The closing stage in the selling process involves obtaining a purchase commitment from the prospect. This stage is the most impo
    10·1 answer
  • Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Wal
    9·1 answer
  • A period during which aggregate output rises is known as a(n)
    15·1 answer
  • Grants Corporation prepared the following two income statements (simplified for illustrative purposes):
    13·1 answer
  • Differentiate accounts receivable from notes receivable.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!