1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mestny [16]
3 years ago
5

The checkbook of Vance Company had a balance of $2,210.55. The bank statement showed a balance of $4,918.18. The bank collected

a $2,000 note less a $5 service charge. There was a deposit in transit of $610.88. Several checks outstanding totaled $1,196.17. Vance collected $42.33 in interest on the checking account. Vance recorded a $300 check for $400. The bank service charge is $14.99. What is the adjusted reconciled balance?
Business
1 answer:
Vikentia [17]3 years ago
6 0

Answer:

$4,332.89

Explanation:

The adjusted reconciled checkbook balance will include:

    checkbook balance                                         $2,210.55

    + bank collect note                                         $2,000.00

    - fee for collecting the note                                 ($5.00)

    + earned interest                                                  $42.33

    + difference in recording a check $400 - $300 = $100

   <u> - banking service charge                                   ($14.99)  </u>

    total =                                                              $4,332.89

You might be interested in
if you are asked to choose a profession between an agricultural expert and a veterinary doctor, which one will you choose? Give
Aleksandr [31]

Answer:doctor

Explanation:

6 0
3 years ago
regarding references what are some things to keep in mind when creating a reference list for a potential employer
alekssr [168]

When you are creating a references list, you want to make sure that the people you list can speak to your abilities, that they will speak favorably of you and your work, and that they are willing to serve as a reference.

4 0
3 years ago
Read 2 more answers
Transactions Falcon's Related Account 1. Falcon purchases common stock of Wildcat. Investment2. Falcon borrows from Wildcat by s
ludmilkaskok [199]

Answer:

1. Transaction will have effects on Balance Sheet in the Assets Section and will be classified as an Investing Activity in the Statement of Cash flows.

2. Transaction will have effects on Balance Sheet in the Liability Section and will be classified as a Financing Activity in the Statement of Cash flows.

3. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity in the Statement of Cash flows.

4. Transaction will have effects on Income Statement in the Revenue Section and will be classified as an Operating Activity of the Statement of Cash flows.

5. Transaction will have effect on Income Statement in the Expense Section and will be classified as a Financing Activity in the Statement of Cash flows.

Explanation:

1. Falcon purchases common stock of Wildcat. This is classified in the investments tab of the assets account. This will be reflected in balance sheet. The transaction is classified in the investing activity.

2. Falcon borrows from Wildcat and signs Notes payable this will have effects in balance sheet liability account. This is financing activity.

3. Falcon receives Dividend revenue from Wildcat. This will be reflected in income statements as revenue. It will operating activity.

4. Falcon provides services to Wildcat , this is reflected in income statement as revenue. This will appear under operating activity.

5. Falcon pays interest on the borrowings to Wildcat. This is income statement items and is an expense. It belongs to financing activity.  

7 0
3 years ago
Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this
Ipatiy [6.2K]

Answer:

a. $32,039

b. $19,439

c. -$12,961

d. $9,639

Explanation:

We will use accounting equation to solve the above question.

Assets = Liabilities + Equity

Also;

Net income will be the difference in equity plus dividends minus contributions

= [Ending equity - Beginning equity ] + Dividends

Since the beginning and ending equity is the same for all the years, then we'll have

$71,500 = $30,652 + Equity

Equity = $40,848

Ending equity = $122,500 - $49,613

= $72,887

a. Income : $72,887 - $40,848 + 0 - 0

= $32,039

b. $72,887 - $40,848 + $1,050 × 12 - 0

= $19,439

c. $72,887 - $40,848 + 0 - $45,000

= -12,961

d. $72,887 - $40,848 + $1,050 × 12 - $35,000

= $32,039 + $12,600 - $35,000

= $9,639

6 0
3 years ago
Which of the following industries have been deregulated in recent years
Deffense [45]
It is C: Airlines

under the airlines deregulation act, the federal law removed the government's control over fares route and market entry however the act should not remove or diminish overall aspect of air safety by the federal aviation administration.
3 0
3 years ago
Read 2 more answers
Other questions:
  • "the idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is rea
    8·1 answer
  • g the following population and employment data for the United States (2000–2016), answer three questions. Instructions: Enter yo
    5·1 answer
  • Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively
    13·1 answer
  • Many products available to the public before world war i contained _______, which was accepted early on as a relatively harmless
    6·1 answer
  • The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Me
    9·1 answer
  • What is the difference between real and nominal gross domestic product (GDP)?
    12·1 answer
  • Beartowne Enterprises uses an activityminusbased costing system to assign costs in its autominusparts division.
    12·1 answer
  • "Given current demographic trends, which of the following is NOT a strategy companies would use to gain a competitive advantage
    10·1 answer
  • The simple structure usually depends on _____ to coordinate work activities, so it is very difficult to operate as the company g
    10·1 answer
  • AP North Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!