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Elenna [48]
3 years ago
6

Number each of the following steps from 1 to 7 to identify the steps needed to reconcile a bank statement. (The model in the pre

sentation uses the same sequence with a different numbering system.)
1. Check to be sure that all deposits included in your record book are included and service charges are subtracted.
2. Make a list of outstanding checks, with the amounts for which they were written
3. The statement should agree with your check register.
4. Subtract the outstanding checks from the ending balance.
5. After checking for service charges, check the bank statement for other charges.
6. On the bank statement, find the amount the bank has credited you. It is called "ending balance.
7. Arrange all of the canceled checks in numerical order.
Business
1 answer:
Flura [38]3 years ago
5 0

Answer:

1. Arrange all of the canceled checks in numerical order.

2. Make a list of outstanding checks, with the amounts for which they were written.

3. On the bank statement, find the amount the bank has credited you. It is called "ending  balance.

4. Subtract the outstanding checks from the ending balance.

5. Check to be sure that all deposits included in your record book are included and service charges are subtracted.

6. After checking for service charges, check the bank statement for other charges.  

7. The statement should agree with your check register.

Explanation:

First arrange arrange the cancelled checks numerically, list all outstanding checks also referred to as unrepresented checks to know amount recorded in the firm book not in the bank statement, Also check the bank statement to identify the ending balance, then deduct the unrepresented or outstanding checks from the ending balance. check to be sure there are no un-credited checks and bank charges, ensure they are deducted. This will agree the bank statement with the cash book

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The head of ABC Company announces that the company is going to start a weekend project teaching self-defense techniques to under
Mama L [17]

Answer:

Behavioral component

Explanation:

Attitude is the way we evaluate, prefer or reject a person or something which is determined by the information we have. General, it is how we tend to think or behave in a particular direction about a situation or something which is usually followed by feelings.

Attitude comprises of three components: cognitive, affective, and behavioral components.

The cognitive component of attitudes are the beliefs, characteristics and thoughts which are held by people about an object.

The affective component relates to emotions or feelings such hate, love or fear that are displayed by people toward something.

The behavior component of an attitude is they way a person intends or expects to behave toward an object. That is, it is an intention to react in a particular way toward an object or a situation.

Therefore, decision of Thomas to register for the project, as he is a trained kick-boxer, reflects the behavioral component of his attitude.

I wish you the best.

6 0
3 years ago
On January 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 1
Mazyrski [523]

Answer:

1. $11,000 each year

2. $23,000 and $18,400

3. $15,000 and $12,500

Explanation:

The calculation of the depreciation expense for the 2021 and 2022 is shown below:

1. Straight-line method:

= (Purchase value of equipment - estimated residual value) ÷ (estimated service life)

= ($115,000 - $5,000) ÷ (10 years)

= ($110,000) ÷ (10 years)  

= $11,000

In this method, the depreciation is same for all the remaining useful life  i.e for 2021 also the same depreciation is applied i.e $11,000

2. Double-declining balance method:

First we have to determine the depreciation rate which is

= One ÷ estimated service life

= 1 ÷ 10

= 10%

Now the rate is double So, 20%

In year 1, the original cost is $115,000, so the depreciation is $23,000 after applying the 20% depreciation rate

And, in year 2, the $(115,000 - $23,000) × 20% = $18,400

3. Units-of-production method:

= (Purchase value of equipment - estimated residual value) ÷ (estimated production units)

= ($115,000 - $5,000) ÷ ($220,000 units)

= ($110,000) ÷ (220,000 units)  

= $0.5 per units

For 2021, it would be

= Production units in 2021 year × depreciation per unit

= 30,000 units × $0.5

= $15,000

Now for the 2022, it would be  

= Production units in 2022 year × depreciation per unit

= 25,000 units × $0.5

= $12,500

4 0
3 years ago
A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.
frutty [35]
<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>
6 0
3 years ago
The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the
Fantom [35]

Explanation:

<h2><em><u>The title of this talk is “Profit's Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain. Yes, if you can promote social change and make money it is great. Their doing what they said they would and making money.</u></em></h2><h2 />
7 0
2 years ago
While working on a printer, you spill a cleaning solution that was sitting on the floor next to the printer stand. What step sho
aleksandrvk [35]

Answer: Check the MSDS for the liquid and follow the instructions.

Explanation:

The Material safety data sheet(MSDS) are document that contains information on the potential hazards(health, fire, reactivity & environmental) and working safely with chemical products. What to do after the spill is to check the MSDS for the liquid and follow the instructions.

8 0
3 years ago
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