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Mnenie [13.5K]
3 years ago
5

Malik Corp.'s bank statement has an ending balance of $50,000. The deposits in transit were $6,000. NSF checks were $1,000. Chec

ks outstanding at the end of the month were $3,000. Using the bank statement, what is the corrected cash balance?
Business
1 answer:
olya-2409 [2.1K]3 years ago
6 0

Answer:

Corrected cash balance =

Ending balance           = $50,000

Deposit in transit         = + $6,000

NSF Checks                 =  - $1,000

Outstanding checks    <u>=  - $3,000</u>

Corrected cash balance = $52,000

Explanation:

To make Adjustments to the cash balance, follow these steps;

  • Ending Balance from Bank statement
  • Add Deposits in Transit
  • Deduct NSF checks
  • Deduct Outstanding checks

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On June 1 of the current year, Jack and Angie purchased a rental beach house for $900,000 and rented it right away. Of that amou
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a. $5,910

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A local business woman borrows $14,000.00 at $299.70 per month for 62 months, how much total
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3 years ago
Angela wants to calculate her take-home pay. She earns $1,377 monthly. She pays federal tax of $200, state tax of $41.31, and 7.
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Angela wants to calculate her take-home pay. She earns $1,377 monthly.
She pays federal tax of $200
state tax of $41.31,
and 7.65% in FICA tax.
Let's solve for Angela's monthly net pay.
=> 1 377 dollars * 0.0765 = 105.34 dollars is the FICA tax
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The new and innovative ways for CPG companies to gather consumer data is through digital consulting, that is, surveys, monitoring of advertising, clicks and company engagement in the digital environment.

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Learn more here:

brainly.com/question/8367090

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