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Valentin [98]
2 years ago
7

Using the following information, prepare a bank reconciliation for Hintz Company for July 31, 2022. a. The bank statement balanc

e is $3,506. b. The cash account balance is $3,930. c. Outstanding checks totaled $1,285. d. Deposits in transit are $1,670. e. The bank service charge is $30. f. A check for $98 for supplies was recorded as $89 in the ledger.
Business
1 answer:
Karo-lina-s [1.5K]2 years ago
5 0

Answer:

Explanation:

The preparation of the bank reconciliation for Hintz Company for July 31, 2022 is shown below:

Bank statement balance $3,506

Add: Deposits in transit $1,670

Less: Outstanding checks ($1,285)

Adjusted bank balance $3,891

Cash account balance $3,930

Less - supplies error    ($9)                               ($98 - $89)

Less - bank service charge ($30)

Adjusted cash balance $3,891

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Answer:

Quiet enjoyment

Explanation:

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For example this clause protects a tenant from being removed from a property by someone of higher rank or authority like an agent.

The law recognises quiet enjoyment even when it is not stated explicitly in a lease agreement. It is assumed that every tenant has a right to quiet enjoyment

6 0
3 years ago
Say the reserve requirement is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of payin
otez555 [7]

Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

4 0
3 years ago
Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin
ruslelena [56]

Answer:

Estimated manufacturing overhead rate= $23.973 per machine-hour.

Explanation:

Giving the following information:

Estimated total machine-hours= 15,000

The estimated variable manufacturing overhead was $7.36 per machine-hour.

The estimated total fixed manufacturing overhead was $249,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (249,200/15,000) + 7.36

Estimated manufacturing overhead rate= $23.973 per machine-hour.

8 0
3 years ago
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Answer:

C)

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8 0
3 years ago
True or false: short-term fluctuations in real gdp are irregular and unpredictable.
raketka [301]
True!
Hope this helps!
4 0
3 years ago
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