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topjm [15]
3 years ago
13

Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay f

or the entire purchase. if the tax rate is 7%, what is a reasonable estimate of the amount of money that tara can expect to pay?
Business
1 answer:
finlep [7]3 years ago
3 0
If Tara bought, sweater $ 52, T-shirt $19, Shoes $68, Jeans $72, Necklace $21, the total would be;
52+19+68+72+21 = 230
But a tax rate of 7% was included, 
Thus, 230 × 0.07 = 16.1
Therefore, the total amount is 230+16.1 = 246.1
Hence, the Estimate amount of money that Tara expects to pay is $250
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On July 31, 2017, Crane Company had a cash balance per books of $6,355.00. The statement from Dakota State Bank on that date sho
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Question Completion:

Prepare a bank reconciliation statement as of July 31, 2017.

Answer:

<h3>Crane Company</h3>

Bank Reconciliation Statement as of July 31, 2017

Balance as per bank statement         $7,905.80

Add Uncredited deposits                      1,309.30

Less Checks outstanding                      1,979.10

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Explanation:

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July 31, 2017:

Cash balance per books of $6,355.00

Bank statement balance = $7,905.80

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2. Direct EFT receipt $1,630.00  

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6. NSF charge of $685.00 (W. Krueger)

Cash Book Adjustment as of July 31, 2017

Balance as per cash book        $6,355.00

add: Direct EFT receipt                1,630.00

less: Bank service charge                 19.00

Understated check No. 2480          45.00

NSF charge                                    685.00

Adjusted Cash Book balance  $7,236.00

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