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Monica [59]
3 years ago
14

Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking

account showed a balance of $1,360 and the bank statement showed a bank balance of $1,445. Outstanding checks totaled $350 and deposits in transit were $150. The bank statement listed service charges of $30 and NSF checks totaling $85. The corrected cash balance is: Multiple Choice 1. $1,130. 2. $1,160. 3. $1,245. 4. $1,445.
Business
1 answer:
Zepler [3.9K]3 years ago
5 0

Answer:

Option (3) $1,245

Explanation:

Data provided in the question:

General ledger checking account  balance = $1,360

Bank balance on bank statement = $1445

Deposits in transit = $150

Outstanding checks = $350

Bank statement service charges = $30

NSF checks = $85

Now,

The Correct cash balance will be

                  Bank balance on bank statement              $1,445

Add :          Back deposits in transit                               $150

Subtract :  Outstanding checks                                     $350

----------------------------------------------------------------------------------------------------

Correct balance                                                             $1,245

Hence,

Option (3) $1,245

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At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied.
nika2105 [10]

Answer:

$2.25 per unit

Explanation:

The computation of the cost per equivalent is shown below:

= Total conversion cost ÷ total units completed

where,

Total conversion cost is

= Beginning work in process conversion cost + cost of conversion added

= $20,250 + 271,125

= 291,375

And, the number of units is

= Units completed + work in process ending inventory units × completion percentage

= 115,700 units + 23,000 units × 60%

= 115,700 + 13,800

= 129,500 units

So, the cost per equivalent unit for conversion cost is

= $291,375 ÷ 129,500 units

= $2.25 per unit

4 0
3 years ago
Your checkbook register shows these activities for the month.Old balance: $134.56Check 512 to Good Stuff for $32.19Deposit: $345
Dvinal [7]

Based on the various activities for the month that were reflected in your checkbook, your new balance would be $135.84.

<h3>What is the checkbook balance?</h3>

This can be found as:
= Opening balance + Deposits - Checks and withdrawals

Solving gives:

= 134.56 + 345.12 - 32.19 - 250 - 16.65 - 45

= $135.84

In conclusion, your new balance is $135.84.

Find out more on checkbook balances at brainly.com/question/3719189

#SPJ1

3 0
2 years ago
To construct an income distribution table, the second step is to _____.
gladu [14]
<em />I think it is C but don't quote me on it.
6 0
3 years ago
Which of the following statements about aims and objectives is untrue? Select one: a. An aim describes what the learners will be
netineya [11]

Answer:<em> Option (b) and (d) are untrue.</em>

Explanation:

From the given option, the following statement about aims and objectives are untrue<em>:</em><em> An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.</em>

<em>Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility.  </em>

<em>Whereas; </em>

<em>There are  more than one objective, these can be referred to as  the specific steps taken to achieve our aim. </em>

7 0
3 years ago
This morning, TL Trucking invested $75,000 to help fund a company expansion project planned for 4 years from now. How much addit
sweet [91]

Answer:

Additional money, the firm have 4 years from now if it can earn 5 percent rather than 4 percent on its savings will be $3,423.

Explanation:

Principal Amount = P = $75,000

Number of year = n = 4 years

If rate of return is 4%

A  = P ( 1 + r )^n

A = $75,000 ( 1 + 0.04 )^4

A = $75,000 x 1.16986

A = $87,740

If rate of return is 5%

A  = P ( 1 + r )^n

A = $75,000 ( 1 + 0.05 )^4

A = $75,000 x 1.21551

A = $91,163

Additional Amount Earned = $91,163 - $87,740 = $3,423

8 0
3 years ago
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