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
Reika [66]
3 years ago
10

At March 31, Cummins Co. had a balance in its cash account of $11,400. At the end of March the company determined that it had ou

tstanding checks of $1,325, deposits in transit of $790, a bank service charge of $55, and an NSF check from a customer for $240. The true cash balance at March 31 is:_________
Business
1 answer:
soldier1979 [14.2K]3 years ago
3 0

Answer:

Adjusted Balance  11,105

Explanation:

CASH

Begining Balance 11,400

Service Charge     -55

NSF              <u>     -240    </u>

Adjusted Balance  11,105

To get the ending balance, we adjust for the unknow transactiosn for hte company.

The company knows how many check it write and how much it deposit. So we don't adjust for that

The company's accounting doesn't know the check of acustomer bounce and the amount fo the bank services charge thus, we adjust for that

You might be interested in
EA13.
navik [9.2K]

Answer:

Journal entries for the  

Completion of Job 113

Debit Finished Good/Inventory Account     $ 5000

Credit WIP JOB 113 Account                         $ 5000

(In words we will debit finished good account by shifting work in process related to the job 113 in it)

Journal entries for the  

Completion and sale of Job 85

Debit Finished Good/Inventory Account     $ 3000

Credit WIP JOB 113 Account                         $ 3000

For sales following two entries will be passed.

Debit Cost of Good Sold Account                    $ 3000

Credit Finished Good/Inventory Account        $ 3000

Debit Cash (or Receivable if credit sale)          $ 4500

Credit Sales Account                                         $ 4500

6 0
3 years ago
Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of materi
Anastasy [175]

Answer:

A. $1,020 unfavorable.

3 0
3 years ago
Read 2 more answers
alicia worked in the customer service department and received a large amount of e-mail. her job required her to open e-mail and
Daniel [21]
Wait a sec. Is the multiple choice 
Antivirus Cleaner
Data encryption
Firewall

Because if its that, I think it might be the first one because, I think firewall blocks websites and encryption protects the actual computer. Antivirus can notify her if something it up with the emails right away.
8 0
3 years ago
Read 2 more answers
The group of retired executives that work with small businesses as advisors on a wide range of issues is called the:
VLD [36.1K]

Answer:

Service Corps of Retired Executives (SCORE

Explanation:

The SCORE is a non profit organization. Their members are retired executives who are engaged with the provision of free consultation and counseling services and also giving advices to entrepreneurs and small business owners.

This organization has offices in most parts of the united states and their services can be rendered in person or online. Their counseling services are in all areas and the client bears no charges.

7 0
2 years ago
You are browsing through job listings for global marketing-related jobs on Monster. One job catches your attention because it li
Andrei [34K]

Answer:

(b) The candidate will be involved in setting up an independent division with responsibility for robotic equipment production and marketing.

Explanation:

  • As an area of global marketing deals with the setting up of strategies for the development of marketing plans for the company. By adjusting the strategies that are well suited to other countries form a global point of view.
  • Hence the candidates that come from the different locations will be more interested in setting up divisions that look after the promotion and distribution of products, people and processes to deliver good results.
  • As it lowers market casts, it has the ability to leverage ideas more easily and quickly and helps the company create an international customer base.
3 0
3 years ago
Other questions:
  • To raise capital, candace tyson and martha black plan to sell stock to between 108 and 200 investors. they also want to avoid do
    7·1 answer
  • How is the current progressive tax system unfair?
    10·1 answer
  • The equation represents Jordan's overtime pay structure. Based on this equation, what is Jordan's regular hourly pay?
    10·2 answers
  • "A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and average numbe
    15·1 answer
  • Give at least one disadvantage of incorporation and explain why it is a disadvantage.
    12·1 answer
  • Need help in personal finance.
    12·1 answer
  • Suppose you own a small business and have been thinking about expanding production, including hiring more workers. Until recentl
    8·1 answer
  • 2. How does feature-benefit selling create selling points?
    13·1 answer
  • write a short paragraph highlighting the differences between a strong cultured work environment and a weak cultured work environ
    9·1 answer
  • when conducting research for an industry analysis, why it is necessary to treat with caution the economic statistics for an indu
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!