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Y_Kistochka [10]
3 years ago
8

The Cash account of Gate City Security Systems reported a balance of $2,530 at December 31​, 2018. There were outstanding checks

totaling $ 500 and a December 31 deposit in transit of $ 400. The bank​ statement, which came from Park Cities​ Bank, listed the December 31 balance of $3,120. Included in the bank balance was a collection of $ 500 on account from Jane Lindsey​, a Gate City customer who pays the bank directly. The bank statement also shows a $20 service charge and $ 10 of interest revenue that Gate City earned on its bank balance.
Requried:
Prepare Gate City​'s bank reconciliation at December 31.
Business
1 answer:
Soloha48 [4]3 years ago
3 0

Answer:

Gate City Security Systems

Bank Reconciliation at December 31, 2018

Book:  

Balance , December 31, 2018  $2,530

<em>Add: </em>

Collection from Jane Lindsey $500  

Interest revenue $10

<em>Less:</em>

Service charges  $20

Adjusted book balance December 31, 2018  <u>$3,020</u>

Bank:

Balance , December 31,2018  $3,120

<em>Add:</em>

Deposit in transit  $400

<em>Less:</em>

Outstanding cheque  $500

Adjusted bank balance December 31, 2018  <u>$3,020 </u>

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The correct answer is: amount consumed out of an additional dollar of income.

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3 years ago
A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizz
creativ13 [48]

Answer:

The cost of an slice of pizza is $3.94

Explanation:

Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".

8P+7D=45.10

And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.

6P+5D=33.34

Where: P = pizza slices and D= soft drinks

We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.

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40P+35D=225.5

And the second one:

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And now, we substract them and solve.

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40P-42P+35D-35D=-7.88

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P=\frac{-7.88}{-2} =3.94

The cost of a slide of pizza is $3.94

In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:

8(3.94)+7D=45.1

7D=13.58

D=1.94

The cost of a soft drink is $1.94

Best of luck.

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