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
vampirchik [111]
3 years ago
14

Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of busi

ness on May 31. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,700. May 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

Cash account reconciliation:

Cash account balance                                $27,700

subtract bank fees                                           ($110)

subtract NSF check                                  <u>     ($580)</u>

Reconciled balance                                    $27,010

Bank account reconciliation:

Bank account balance                               $26,000

subtract outstanding checks                     ($5,700)

add deposits in transit                                 $6,300

add error with Smith Company check    <u>        $410</u>

Reconciled balance                                    $27,010

You might be interested in
With respect to the roles in the family decision-making process, the individual who performs the physical act of buying the prod
fgiga [73]

Answer: B Influencer

Explanation: The family without a doubt is a major influence on the consumer behaviour of its members. There are many examples of how the family influences the consumption behaviour of its members.

The importance of the family or household unit in consumer behavior arises for two reasons:

1. Many products are purchased by a family unit.

2. Individuals’ buying decisions may be heavily influenced by other family members.

How families or households make purchase decisions depends on the roles of  the various family members in the purchase, consumption, and influence of products. Regardless of how many family members are present when items are being purchased, the other family members play an important role in the purchase.

6 0
3 years ago
What do students buy when they pay tuition
poizon [28]

Answer: on edge it's B the right to attend classes at a school...

Explanation:

3 0
3 years ago
Read 2 more answers
On January 1, 2020, Swifty Corporation established a stock appreciation rights plan for its executives. It entitled them to rece
OleMash [197]

Answer:

$620,000

Explanation:

The amount of compensation expense that Korsak should recognize for the year ended December 31, 2022:

= [($34-$20)*124,000*3/4] - [($31-$20)*124,000*2/4]

= [$14*124,000*3/4] - [$11*124,000*2/4]

= $1,302,000 - $682,000

= $620,000

Note: The answer is not included in the option above

4 0
3 years ago
Zibb is a transnational electronics company based in Germany. It has factories in China, Mexico, and India. The company aims to
Brrunno [24]
It’s C) The geocentric orientation

I hope this helped out, have a nice day! :)
5 0
2 years ago
Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.
a_sh-v [17]
I think the answer is false

:):):):):):):)
7 0
2 years ago
Other questions:
  • Which of the following is a career within the communication industry ?
    14·2 answers
  • Two currently owned machines are being considered for the production of a part. The capital investment associated with the machi
    13·1 answer
  • Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). Dextra collects 5% sales tax
    14·1 answer
  • A firm issues two-year bonds with a coupon rate of 6.7%, paid semiannually. The credit spread for this firm's two-year debt is 0
    10·1 answer
  • Public employment agencies are perceived by prospective applicants as having few high-skilled jobs; therefore, employers tend to
    11·1 answer
  • "The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500
    10·1 answer
  • Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand
    9·1 answer
  • Do you know da way?
    9·1 answer
  • Hope you have good day
    8·2 answers
  • You find that a firm has a total debt ratio of 0. 63. what is the equity multiplier for this firm?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!