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eduard
3 years ago
12

At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check

number 101 was issued June 2 in the amount of $95, but was erroneously recorded in Almond's general ledger balance as $59. The check was correctly listed in the bank statement at $95. The bank statement also included a credit memo for interest earned in the amount of $35, and a debit memo for monthly service charges in the amount of $50. What was Almond's adjusted cash balance at June 30?A. $9,598B. $9,961C. $10,048D. $10,462
Business
1 answer:
Lunna [17]3 years ago
3 0

Answer:

The correct option here is B) $9,961.

Explanation:

For taking out the adjusted cash balance at June 30 we will subtract the error in ledger amount and debit memo for monthly service charge and add the interest earned from the initial cash balance before any adjustment is made.

INITIAL CASH BALANCE = $10,012

(-) ERROR IN LEDGER      = $95 -$59

                                         = $36 ( this is the amount that Almond co's have to

                                                    pay more )

(+) INTEREST EARNED    = $35

(-) SERVICE CHARGES    = $50

ADJUSTED CASH BALANCE = $9961

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Answer:

the destruction of jobs due to labor skills of certain workers becoming obsolete.                            

Explanation:

Social costs in economic thinking are the amount of the personal costs accrued as a component of an activity as well as the expenses levied on customers as a function of becoming subject to the activity in which they are not paid. That is the sum of private and institutional expenses, in other terms.

        Due to economic growth, demand has been rising for commodities leading to technology improvements which further leads to lower demands for labor and joblessness. However, majority  of the economists states that technological improvement only enhances employment opportunities and joblessness occurs for a temporary period.

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3 years ago
What role does the idea of machine/machinery play in constructivist settings?
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3 years ago
What are the 4 main factors of production? Give two examples for each one.
NeTakaya

Answer:

land

labour

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Explanation:

land

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capital

include monetary wealth i.e money and machinery

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includes sole proprietorship and partnership

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5 0
2 years ago
Read 2 more answers
In 2017, Oriole Corporation reported net income of $1,004,700. It declared and paid preferred stock dividends of $278,600. Durin
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Answer:

$3.62

Explanation:

The dividend distributed to common share = total net income - dividend for preferred stock

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3 years ago
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Answer: b. can be used to purchase approximately the same amount of goods over time.

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3 years ago
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