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3 years ago

Prepare a bank reconciliation for Show Me, Inc., as of June 30 from the following information:

Business

1 answer:

V125BC [204]3 years ago

3 0

Answer:

bank account reconciliation:

bank account balance $5,796

- outstanding checks $330

+ deposits in transit $424

+ error from Shirt, Inc., check $340

reconciled balance $6,230

cash account reconciliation:

cash account balance $6,026

+ note collected $410

- bank fee $34

- NSF check $172

reconciled balance $6,230

assets = liabilities + equity

cash acc. rec. notes rec. int. rec.

204 172 -382 -28 = 0 + -34

income statement

revenues - expenses = net income

0 - 34 = -34

All the adjustments are considered cash flows from operations.

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2 years ago

Why is all else held constant along a demand curve? Group of answer choices To isolate how a change in price impacts a change in

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Answer:

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2 years ago

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