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GaryK [48]
3 years ago
12

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit a

t month end, and a check for $900 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is:
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
6 0

Answer:

The answer is $45,900

Explanation:

A bank reconciliation is the process of reconciling the balances in an entity's accounting records for a cash book account to the balance on the bank statement.

Balance as per bank --------$54,000

Add:

Deposit in transit--------------- $6,000

Error charged-----------------------$900

Subtract:

Outstanding checks are----$15,000

Correct balance----------------$45,900

Therefore, the correct balance in the bank account at month end is $45,900

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Which of these factors helped hide economic problems in the 1920s?
dybincka [34]


C: Americans purchased many consumer goods on credit

Hopefully this helps.

7 0
3 years ago
Johnson Waterworks Company provides plumbing services. The company is a sole proprietorship. Transactions during the first year
emmasim [6.3K]

Answer:

Given:

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<u><em>Total assets at the end of the first year = $25,700</em></u>

7 0
2 years ago
The market price people are willing to pay for a unit of a particular commodity is determined by A. the sum of average and margi
kkurt [141]

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Explanation:

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Economists use the idea of marginal utility to assess how much of an item consumers can purchase. Positive marginal utility happens when the consumption of an additional item increases the total utility, while negative marginal utility occurs when the consumption of an additional item reduces the total utility.

8 0
3 years ago
A company sold $12,000 worth of bicycles with an extended warranty. it estimates that 2% of these sales will result in warranty
Otrada [13]
I think the answer for your question you have to divide then you get 6,000
7 0
3 years ago
Tariffs refer to
viva [34]

Answer:  government taxes on products or services entering a country that primarily serve to raise prices on imports.

Explanation:

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