Answer:
C. $11,498.73.
Explanation:
Solving this question, we will have to make use of this formula:
The Adjusted Bank Balance = Unadjusted Balance as per Bank Statement as at Oct 31, 2015 - Checks Outstanding
= $12,956.73 - $2,112.19 = $10,844.54
Now,
Before the adjustment on the 31st of October, 2015,
The Cash account Balance = Adjusted Bank Balance + insufficient funds checks
= $10,844.54 - $654.19 = $11,498.73
Hence third option in the question is the correct answer.
Neither tom nor manny has emailed the document to jerusha.
<h3>What is email?</h3>
Email contains information or message that is sent electronically.
Neither agrees with nor in a sentence as they both act as conjugate and this means neither of the two emailed Jerusha.
Therefore, Neither tom nor manny has emailed the document to jerusha.
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Answer:
$133,800
Explanation:
Calculation for The cash received for interest during 2014
Using this formula
2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable
Let plug in the formula
2014 Cash received for interest=$137,000-$18,200+ $15,000
2014 Cash received for interest=$133,800
Therefore The cash received for interest during 2014 was:$133,800
Answer:
The statement is True.
Explanation:
There are many forms of business. Partnership, limited liability, sole proprietor, commercial, etc. Sole proprietorship is a business that is owned and run by a single person. That person is the owner of the business. We can call him an entrepreneur, or sole proprietor, or single trader, etc. There are many disadvantages of running business individually, as you are the one who is solely responsible for all the liabilities of the business. But at the same time, sole proprietorship has some benefits associated with it for the small business owners. The main advantage of running the business single handed is to enjoy the whole profit made out of the business. When the owner is responsible for all the liabilities of the company, just like that, he is the one who is receiving all the profits from the business. So when business is small, there is no need to divide the small amounts of profits between the shareholders. All the profit is kept by the individual owner.