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melomori [17]
3 years ago
7

The April 30 bank statement for Trimble Corporation shows an ending balance of $40,262. The unadjusted cash account balance was

$33,750. The accountant for Trimble gathered the following information: There was a deposit in transit for $5,356. The bank statement reports a service charge of $174. A credit memo included in the bank statement shows interest earned of $815. Outstanding checks totaled $13,797. The bank statement included a $2,570 NSF check deposited in April. What is the true cash balance as of April 30?
Business
1 answer:
Svet_ta [14]3 years ago
4 0

Answer:

$36,961

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

To know the true cash balance, we must first determine what transactions must be adjusted in the books; these are

  • service charge of $174 - this will be deducted from the book balance
  • credit memo included in the bank statement shows interest earned of $815 - this will be added to the book balance
  • a $2,570 NSF check deposited in April - This will be added back to the book balance

Hence, the  true cash balance as of April 30

= $33,750 - $174 + $815 + $2570

= $36,961

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Answer:

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inorder to minimize the disadvantage , there should be privacy maintainence in the intellectual property, there should be balanced in domestic and international trade. the over use of natural resources should be controlled. there should be proper checking of the good and services before trading them inside country or in foreign country, etc

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6. Say whether the following words are (just) vague, (just) ambiguous, both vague and ambiguous, or neither. Briefly justify you
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Answer:

When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.

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8 0
3 years ago
The following credit sales are budgeted by Swifty Corporation:
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Answer:

$458,000

Explanation:

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$460,000 x .70 = $322,000

March

$520,000 x .2 = $104,000

February

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Addition of APRIL+MARCH+FEBRUARY

$322,000 + $104,000 + $32,000

= $458,000

Therefore the anticipated cash inflow for the month of April is $458,000

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Answer:

a. producers-wholesalers-retailers-consume

b.

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it is easy to cut cost of transport, storage ,etc

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3 years ago
What is the most likely illegal scheme to evade estate taxes?
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I belive this is Undervaluing asserts.
hope this helps!
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