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VARVARA [1.3K]
3 years ago
13

As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th

e following information is available: Deposit in transit, $2,175. Credit memo in bank statement for interest earned in June, $6. Outstanding check, $3,276. Debit memo for service charge, $10. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information. (Negative amounts should be indicated with minus sign.)
Business
2 answers:
My name is Ann [436]3 years ago
5 0

Answer:

Explanation:

Bank reconciliation

Unadjusted book balance 16,216

Add: Debit memo for service 10

Less: Credit memo for int. earned 6

True cash balance 16,220

Unadjusted book balance 15,119

Add: Outstanding check 3,276

Less: Deposit in transit 2175

True cash balance 16,220

sertanlavr [38]3 years ago
3 0

Answer:

<u>Bank Reconciliation Statement </u>

Balance as per bank statement                   $16,216

Deposit Intransit                                             2,175

less Outstanding check                                <u> 3,276</u>

Balance as per cash book                          <u> 15,112</u>

Explanation:

The true cash balance equal $15,112

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solmaris [256]

Answer:

$1,568,498

Explanation:

First calculate the Amont of discount

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Now prepare the bond amortization

The Bond Amortization schedule is attached with this answer, please find it.

Now calculate the interest expense for 2017

Interest Expense 2017 = $784,165.80  + $784,332.43

Interest Expense 2017 = $1,568,498.23

Interest Expense 2017 = $1,568,498

3 0
2 years ago
The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac
jasenka [17]

Answer:

increase in cost of living of 9.09%

Explanation:

The cost of living for 2016 is goven as

(10 pizzas*$10) + (7 jeans * $40)+ (20 gallons of milk * $3)

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The cost of living from 2017 is

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= 140 + 280 + 60

= $480

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3 years ago
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Answer:

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Please see attachment

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The objective of present value when used to determine an accounting measurement for initial recognition purposes is to Capture t
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Answer:

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3 years ago
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gogolik [260]

Answer:

Market

Explanation:

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