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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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Use the following information to determine the break-even point in units (rounded to the nearest whole unit): Unit sales 58,000
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Answer:

29,394 units

Explanation:

The formula for break even point is given as Fixed cost / Contribution margin.

Where;

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Given that ;

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In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and
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3 years ago
Assume AuctionCo takes control of this used bicycle before the sale and pays $200 to the supplier. Under this assumption, how mu
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Answer:

  1. $300
  2. $100
  3. $300

Explanation:

1. AuctionCo takes control of this used bicycle before the sale and pays $200 to the supplier.

Revenue will be the $300 that the bicycle was sold for because they took control.

2. AuctionCo never took control.

Revenue will be the amount they earned for being agents;

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Answer:

=1.52%

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