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
beks73 [17]
3 years ago
10

Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.

In addition to your bank statement, you received a letter from your parents informing you that they had made a $2,400 electronic funds transfer directly into your account on October 2. After reading your parents' letter, you looked in your checkbook and discovered its balance was $601. Adding your parents' deposit brought that total to $3,001. Prepare a bank reconciliation to determine your correct checking account balance.
Business
1 answer:
allsm [11]3 years ago
6 0

Answer:

Bank Reconciliation Statement as at October 2:

Balance as per checkbook            $601

Add: Electronic transfer             $2,400

       Interest                                       $4

Less: Bank charge                            ($5)

Balance as per bank statement $3,000

Explanation:

A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.

The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other.  Errors are also identified and corrected during the process.  After this, the reconciliation statement is prepared to agree the two sources of balances.

You might be interested in
Market supply is P = 10+0.5Q and market demand is P = 150−3Q in a perfectly competitive market. If a firm has fixed costs of 60,
Taya2010 [7]
C. The firm will shut down.
5 0
3 years ago
Nokia transitions caused disruptions in its labor force. New skills were needed and old skills were less important. Managers nee
JulsSmile [24]

Nokia's workforce experienced interruptions as a result of transformations. Old talents became less significant and new skills were required. Employers needed encouragement from managers to adjust to the changes.  Managers needed to be leaders.

<h3>Leadership Qualities of a Good Manager</h3>
  • Motivates Others: This might be the most crucial characteristic among all those that distinguish successful managers. An organization's success is frequently fueled by its capacity to empower team members and support each individual's pursuit of excellence. 
  • Demonstrates Honesty and Transparency: The latter category includes good managers, who typically exhibit a high degree of candour regarding their work. Because of this, both their managed staff and their overseeing executives are confident in their managerial abilities.
  • Effectively communicates: Employees are having trouble understanding a manager's requests if poor communication is present. A good manager has strong, situation-specific communication skills. He or she might be able to convey strategic goals to a room full of executives as well as identify extremely specific goals for a project team.

Learn more about good managers here:

brainly.com/question/21440129

#SPJ4

5 0
2 years ago
A lawyer works for a firm that advises corporate firms planning to sue other corporations for antitrust damages. He finds that h
yanalaym [24]

Answer: D. Strong form market efficiency

Explanation:

Strong form efficiency this is the most demanding version of the efficient market hypothesis (EMH) investment theory, Which states that for all information in a given market, whether it’s a public or private market, they are usually accounted for in a stock's price.

4 0
3 years ago
Green Grocer and Futurity Farms enter into an agreement whereby Futurity will supply Green Grocer with 200 dozen eggs every two
MatroZZZ [7]

Answer: a, provides 30 days' notice to futurist of its desire to terminate.

Explanation: for an appointment to be terminated, there would a notice prior that termination, you can't just terminate an appointment without a 30days notice.

6 0
3 years ago
Which of these is not a major advantage of a corporation? a. Government regulations b. Transferable ownership rights c. Separate
Rufina [12.5K]

Answer:

The correct answer is the option A: government regulations.

Explanation:

Government regulations are those that could influence the business' operations in order to make them more profitable or less profitable. Therefore that this type of intervention is not a major advantage of a coporation due to the fact that most of the government regulations <em>tend to generate more difficult situations in where to operate and manage the business</em> in order to facilitate and improve the benefits from the employees and from the society, which is good in general, but sometimes difficult the fact of managing the organization.

4 0
3 years ago
Other questions:
  • Identify three of the advantages of electronic record keeping​
    12·1 answer
  • What is President Obama’s purpose in the speech
    11·2 answers
  • What ethical standard is being violated when you tell a friend that the company you work for is going to report lower than expec
    8·1 answer
  • The following expenditures relating to plant assets were made by Watkens Company during the first 2 months of 2014.Paid $7,000 o
    7·1 answer
  • Teslum Inc. has a number of divisions, including the Machina Division, a producer of high-end espresso makers, and the Java Divi
    8·1 answer
  • From the economic system’s point of view, the role of marketing intermediaries is to transform the ________ made by producers in
    15·1 answer
  • Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".
    11·2 answers
  • Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an
    5·1 answer
  • f Carlin can afford $350 per month, she could have just bought a more expensive house ($94,000 -- one of the nicest houses in he
    7·1 answer
  • Alalakjmi &gt;&gt;<br>ehsnn ajakj akjlskj sajlklk sa
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!