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Margaret [11]
3 years ago
10

Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of busi

ness on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.

Business
1 answer:
lesya [120]3 years ago
5 0

Answer:

   $28,390

Explanation:

Bank Reconciliation Statement is a compulsory to pronounce a bank statement/cash book records free from error.

Steps in Preparation of Bank Reconciliation Statement

1. Check for Uncleared Dues

2. Compare the debit and credit sessions

3. Check for missed data

4. Make sure the left-hand side is the same as the right hand Side

See attached for the Bank Reconciliation Statement  of the exercise.

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The transactions of Spade Company:
diamong [38]

Answer:

Trial Balance

                                                                                                    Debit     Credit

Cash                                                                                           $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)  

Common Stock                                                                                        $16,500

Office Supplies                                                                             $479

Office Equipment                                                                      $9,125

Accounts Payable ($9.125 - $9,125)                                                            $0

Service Fees ($1,947 + $3,498)                                                               $5,445

Accounts Receivable ($3,498 - $1,469)                                  $4,967

Rent Expense                                                                              $530

Dividends                                                                                    $800

Totals                                                                                        $21,945  $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts  from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

a.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

b.

Office Supplies $479 (debit)

Cash $479 (credit)

c.

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

d.

Cash $1,947 (debit)

Service Fees $1,947 (credit)

e.

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

f.

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

g.

Rent Expense $530 (debit)

Cash $530 (credit)

h.

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

i.

Dividends $800 (debit)

Cash $800 (credit)

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3 years ago
What is the salesperson doing when, after his presentation is over, he asks, "May I call the company and place your order for 20
Zanzabum

Answer:

trying to close the sale

Explanation:

When someone is closing a sale, he/she is trying the complete the sales process by effectively getting a purchase order. In this case, the salesperson is trying to convince the client to finally place an order for 20 cases of Ecco brand golfing shoes. The whole selling process is carried out to finally be able to close the sale, it is the climax of the sales process, the salesperson either makes it or not.

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3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
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<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
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Coordinating, monitoring, and allocating database administration resources is included in a dba's _____ role.
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It is a technical database managerial role that it performs in an organization. The DBA has detailed function and a critical role in maintaining database security, organization, management, performance, recovery, and marketing.  This requires analysis and systematic view of all said functions. 
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3 years ago
Given the true/false statements are true (facts), select the best logical induction made from those statements:
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The best logical induction that can be made is d. People do and do not like oranges.

<h3>What is logical induction?</h3>

This refers to making a generalization about a population based on individual pieces of information about the population's members.

Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.

Find out more on logical induction at brainly.com/question/2547001

#SPJ1

5 0
2 years ago
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