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
Kipish [7]
3 years ago
10

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

s on June 30, its Cash account shows a debit balance of $61,709. Easton's June bank statement shows $59,549 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 4,250 Outstanding checks $ 2,075 Check printing fee, not yet recorded by company $ 18 Interest earned on account, not yet recorded by the company $ 33
Business
1 answer:
goblinko [34]3 years ago
8 0

Answer:

                                         ADJUSTED BOOK BALANCE

Bank balance              $59,549      Book balance         $61,709

+ Deposit in transit      $4,250        Interest earned          $33

- Outstanding checks  <u>$2,075</u>        Bank service fees      <u>$18</u>

Adjusted book             <u>$61,724</u>                                    <u>$61,724</u>

balance

You might be interested in
Question 5<br><br> Industry is the supply side of the market.<br><br> A)True<br><br> B)False
Afina-wow [57]

Answer:

A) True

Explanation:

A good way to think about it is that industry, a general term for businesses engaging in productive practices, is concerned with the production of goods. These are the goods that are demanded by consumers. So as 'industry' is supplying those goods, it must be on the supply side of the market.

6 0
4 years ago
Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings.
Anastaziya [24]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

b) Net income = $8,950

Cash flows form operating activities =

Net income                                             $8,950

Adjustments to net income:

  • Increase in account payable       <u>    $250</u>

Net cash from operating activities        $9,850

Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).

Download pdf
5 0
3 years ago
Glenda is in the ninth grade, and she loves to write and share events that take place around her. She wants to become a journali
madam [21]

Answer:

D

Explanation:

This will help her develop journalism skills at a younger age

4 0
3 years ago
Reason for a bimodel distribution
DedPeter [7]

The reason for a bimodel distribution is that a bimodal distribution may occasionally result from merging data from two processes or populations.

<h3>What is a bimodel distribution?</h3>
  • Two modes comprise a bimodal distribution. In other words, the results of two distinct processes are integrated into a single collection of data.
  • The distribution sometimes goes by the name "double-peaked." Consider the distribution of production data over two shifts in a manufacturing facility.
  • Bimodal distributions frequently happen as a result of underlying events.
  • A bimodal distribution, for instance, can be seen in the amount of patrons who visit a restaurant each hour because people typically eat out for lunch and dinner.
  • The bimodal distribution is brought on by the underlying human behavior.
  • If a data set has two modes, it is bimodal. This indicates that no particular data value has the highest frequency of occurrence. Instead, the highest frequency is tied between two data values.

Learn more about bimodel distribution here:

brainly.com/question/14971511

#SPJ9

3 0
1 year ago
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,000 Salaries expense 1,500
matrenka [14]

Explanation:

The preparation of the end December Income statement for Cowboy Law Firm is presented below:

                                          Cowboy Law Firm

                                           Income statement  

Revenue  

Service Revenue $7,900

Total revenues $7,900 (A)

Less: Expenses

Salaries expense $1,500

Utilities expense $1,000

Total expenses $2,500 (B)

Net income $5,400 (A- B)

4 0
3 years ago
Other questions:
  • Landon is interviewing for a position at a law firm. In the interview, he is asked: "How would you resolve the issue of successf
    11·1 answer
  • Consumers will pay more of a tax levied on suppliers if their demand is:
    15·1 answer
  • A prospective buyer is interested in purchasing a vacant lot in a rural subdivision. The buyer wishes to know about sewer assess
    11·1 answer
  • List at least four ways someone can prepare to
    9·1 answer
  • Who is better Mario or Sonic
    7·2 answers
  • All of the following are true about the Correspondence category of communications with the public EXCEPT?
    14·1 answer
  • On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
    14·1 answer
  • Hotco oil burners, designed to be used in asphalt plants, are so efficient that Hotco will sell one to the Clifton Asphalt plant
    15·1 answer
  • Preferred stock has characteristics of both debt and common stock. Which characteristics of preferred stock resemble that of com
    8·1 answer
  • Sunland Inc. took a physical inventory at the end of the year and determined that $789000 of goods were on hand. In addition, Su
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!