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
marishachu [46]
3 years ago
9

In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: C

ash balance per company books on January 30 $ 5,225 Deposits in transit at month-end $ 1,900 Outstanding checks at month-end $ 570 Bank service charges $ 30 EFT automatically deducted monthly, not yet recorded by Maxi $ 480 An NSF check returned on a customer account $ 315 The adjusted cash balance per the books on January 31 is: Multiple Choice $4,400 $5,420 $5,730 $5,255 $6,300
Business
1 answer:
12345 [234]3 years ago
3 0

Answer:

$4,400

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.

Deposits in transit at month-end $ 1,900  - No adjustments required

Outstanding checks at month-end $ 570 - No adjustment required

Bank service charges $ 30 - To be deducted

EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted

An NSF check returned on a customer account $ 315 - To be deducted

Adjusted cash balance = $5,225 - $30 -$480 - $315

=$4400

You might be interested in
Balance of trade summarizes
babunello [35]

Answer:

C. The flow of goods and services.

Explanation:

Balance of trade: In Economics, the balance of trade accounts for the inflow and outflow of the goods and services in in a country for a given period, it is also called the <em>balance of payment.</em>

8 0
3 years ago
Read 2 more answers
The use of index funds as investment vehicles for asset classes:_________
Scilla [17]

Answer:

I & IV

Explanation:

6 0
3 years ago
Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t
Zinaida [17]

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

  • cash, cash equivalents
  • accounts receivable
  • stock inventory
  • marketable securities
  • pre-paid liabilities

Intangible assets are classified as  noncurrent (long-term) assets

5 0
3 years ago
Which of the following is a source of insurance? *
emmasim [6.3K]

Answer:

Court ruling

Regulations

4 0
2 years ago
Governments at the federal, state and local levels enact laws that influence consumer behavior in all of the following ways, exc
Crazy boy [7]

All of the following ways that consumer behavior is influenced by laws that are passed by federal, state, and municipal governments, with the exception of, providing incentives to purchase specific brands over others.

<h3>What are the many governmental levels?</h3>

The federal government, state governments, and municipal governments are the three tiers of governance in the United States.

The U.S. Constitution grants Congress, the President, and the Federal courts, respectively, the authority to act as the legislative, executive, and judicial departments of the federal government. Three branches make up the federal government, which is the main and highest level of government in the US.

The first tier or level of democratic government is the Panchayati Raj system. Since the members of the Gram Sabha chose the Panch and the Gram Panchayat, they are accountable to the Gram Sabha.

To learn more about governmental levels, refer to?

brainly.com/question/9261004

#SPJ4

5 0
1 year ago
Other questions:
  • Mario transferred real estate with an adjusted basis of $140,000 for similar real estate with a fair market value of $160,000. T
    15·1 answer
  • Conceptual Connection: If Gilmore's estimate of bad debts is correct (2.2% of credit sales) and the gross margin is 20%, by how
    7·1 answer
  • In a firm with a(n) _____ staffing policy, considerable resentment is caused among foreign nationals who are members of the inte
    9·1 answer
  • The term full employment implies an unemployment rate of:
    7·1 answer
  • The following costs and inventory data were taken from the accounts of Simon Company for 2010:
    6·1 answer
  • Entrepreneurs' intentions are based on their perception of feasibility rather than someone else's impression of whether it is fe
    13·1 answer
  • Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Weld
    9·1 answer
  • The declaration, record, and payment dates in connection with a cash dividend of $54,000 on a corporation's common stock are Oct
    14·1 answer
  • Make a budget of 2000 dollars for a grade six pupil​
    8·1 answer
  • What do you understand by Ranger?​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!