I think so, but there may be some exceptions--if any.
Answer:
b. $6,240.
Explanation:
The reconciliation statement reconciles the bank statement balance to the cash book balance. The reconciled balance in the cash account is derived after considering all transactions that happened during the year that should have been recognized but were yet to.
Given the following Reconciling items;
deposits in transit, $2,600; This has been captured in the books and need not be adjusted for.
bank service charges, $140; This is yet to be recorded in the books hence it will be deducted from the cash balance.
outstanding checks, $950; This has been recognized in the books hence no further adjustments are required.
and interest credited to the bank account during the month but not recorded on the company’s books, $60.; This will be added to the cash balance
Hence reconciled balance
= $6,320 - $140 + $60
= $6,240
Answer: An economic problem is basically the problem of choice. Due to scarcity of resources, the problem which arises before an individual consumer also arises collectively before an economy.
Explanation: Yw and pls mark me as brainiest
The depreciation for the second year under Double-declining-balance is:$18,525.
<h3>Depreciation</h3>
First year
Year 1 depreciation=$74,100×(1/4×2)
Year 1 depreciation= 37,050
Second year
Year 2 depreciation=($74,100-$37,050)×(1/4×2)
Year 2 depreciation=$37,050×(1/4×2)
Year 2 depreciation= $18,525
Therefore the depreciation for the second year under Double-declining-balance is:$18,525.
Learn more about depreciation here:brainly.com/question/25806993
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