Bennett Corporation has the following data as of December 31, 2018:
1 answer:
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Answer: Lindsey's total investment in education is $18,000.
Since Lindsey's college will cost a total of $6000 per year for the next three years, her total investment in education will be .
The $26000 per year that's given in the question is the value of Lindsey's earnings if she chose to work at the local mall. This is the gain Lindsey foregoes in each of the three years in order to learn, and represents her opportunity cost or alternate costs.
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The preparation of the bank reconciliation statement on September 30 is presented in the spreadsheet. Kindly find the attachment below:
