In the preparation of a bank reconciliation statement, the Obrien Company should make a deduction of $270 from the cash balance.
<h3>What is bank reconciliation?</h3>
The rectification of errors in the bank accounts and entries is done via bank reconciliation. In the above case, bank reconciliation is required for rectification of entry errors in the following way,
- There is no need for rectification in bank balance, as the deduction in the bank balance is error-free;
- Cash balance showed an erroneous entry of $9585, instead of $9855;
- The difference between the correct entry and erroneous entry of $(9855-9585)=$270 shall be made in the cash balance of the books.
Hence, the significance of bank reconciliation to be done by the O'brien Company is given as above.
Learn more about bank reconciliation here:
brainly.com/question/15525383
#SPJ1
Answer:
Letter B is correct. They are sensitive about how others see them.
Explanation:
Impression management is a psychological and sociological technique that people consciously or unconsciously use to make a predetermined impression of themselves in a self-presentation. This technique is used to influence one person's perception of another, behaviors are predetermined, information about oneself can be omitted or maximized to achieve the goal of controlling and impressing a social interaction.
Answer:
450,000 shares are outstanding after stock spilt.
Explanation:
Computing numbers of shares outstanding for company after stock spilt is as:
Number of shares outstanding = Number of Shares × Stock Spilt
where
Number of Shares are 300,000
Stock spilt is 3/ 2
Putting the values above:
= 300,000 × 3 / 2
= 450,000 Shares
Note: Determine the number of shares outstanding for the company after stock spilt. Is the requirement.
Answer:
B) Yes No
Explanation:
Materials cost are incremental and relevant whereas Depreciation on equipment with no resale value are irrelevant.
Answer:
d. $704,000
Explanation:
The computation of the cash payment for merchandise is shown below:
= Opening balance of accounts payable + purchase made - closing balance of accounts payable
where,
Purchase = Cost of goods sold + closing balance of inventory - opening balance of inventory
= $720,000 + $188,000 - $200,000
= $708,000
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $80,000 + $708,000 - $84,000
= $704,000
