Answer:
$17,440
Explanation:
Given that,
Outstanding checks in June Bank Reconciliation = $5,540
Checks issued during July = $40,300
Checks cleared in July = $28,400
Amount of outstanding checks:
= Outstanding checks in June Bank Reconciliation + Checks issued during July - Checks cleared in July
= $5,540 + $40,300 - $28,400
= $17,440
Therefore, the amount of outstanding checks on McKeel's July bank reconciliation should be $17,440.
Answer:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Explanation:
The journal entry is shown below:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Since sale is made so we debited the cash it increased the assets plus there is service charge expense so the same is also debited as it increased the expenses and at the same time the merchandise is sold so it would be credited as it increased the revenue
The economic system that is used in the United States of America in which most of the businesses are owned by the people instead of the government is a mixed economy.
The keyword in this statement is "most" because not all businesses in the United States are owned by the people, some are government owned; the mixture of this ownership in an economy is what defines that economy as a "mixed economy."
Answer:
$100,000
Explanation:
The computation of gross profit is shown below:-
Gross profit = (Sales revenue - Sales return - Sales discount) - Cost of goods sold
= ($350,000 - $50,000 - $20,000) - $180,000
= $280,000 - $180,000
= $100,000
Therefore we simply applied the above formula for determining the gross profit
Answer:
Reconditioning
Explanation:
Reconditioning means to "condition again" so the rabbit will demonstrate and condition the fear of the buzzer again.
