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Anuta_ua [19.1K]
3 years ago
14

A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $130 (a $500 check

recorded as $630), two outstanding checks totaling $830, a service charge of $25, a deposit in transit of $250, and interest revenue of $30. What is the adjusted book balance?
A. $5,180
B, $4,020
C. $4,465
D. $4,735
Business
1 answer:
alexgriva [62]3 years ago
7 0

Answer:

The answer is D. $4,735

Explanation:

Please find the below for detailed calculation and explanations:

The adjusted book balance = Ending balance of cash account + Bookkeeper error - Service charge + Revenue = 4,600 + 130 - 25 + 30 = $4,735

The reason why outstanding checks and deposit in transit are ignored is they were already recorded in accounting book at the time the transactions took place, thus, the book balance has not been wrongly recorded.

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Answer:

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6 0
3 years ago
Select the correct answers. At which stage of the product life cycle does a product reach its peak in terms of sales and profits
Ostrovityanka [42]

Answer:

D. maturity

Explanation:

A product life cycle is divided into four, namely, introduction,  growth, maturity, and decline. The concept of the product life's cycle is used as a decision-making tool to help management know when to expand to new markets, increase advertising, adjust prices, or redesign a product.

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2 years ago
When the expected rate of inflation is higher than the actual rate of inflation, wealth is: A. not redistributed at all. B. redi
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Answer:

D. redistributed from borrowers to lenders.

Explanation:

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Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approxima
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7 0
2 years ago
Read 2 more answers
Bill consumes two goods: iced tea and spaghetti. The price of iced tea is $2 per bottle, and the price of spaghetti is $8 per se
True [87]

Answer;

No of spaghetti he purchase y=100

Explanation:

Given,

Price of iced tea is=\$ 2 per bottle

Price of spaghetti is =\$ 8 per serving

Let no iced tea is =x

Let no of spaghetti ==y

x+y=200  

multiply by 2

2x+2y=400               (i)

2x+8y=1000              (ii)

    (ii)-(i)  

2x+8y-2x-2y=1000-400

6y=600

y=100

x+y=200

x=200-100

x=100

No of spaghetti is 100

No of iced tea is 100

           

3 0
3 years ago
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