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Kipish [7]
2 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]2 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

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Bramble Company purchased a new van for floral deliveries on January 1, 2018. The van cost $66000 with an estimated life of 5 ye
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Answer:

$42,240

Explanation:

The computation of the balance of the Accumulated Depreciation account at the end of 2019 is as follows;

But before that the depreciation rate is

= 1 ÷ 5 × 2

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For the first year, the depreciation expense is

= $66,000 × 40%

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Now for the 2019, the depreciation expense is

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Now the accumulated depreciation is

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2 years ago
Which of the following is NOT true about a command economy?
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3 years ago
The master budget of Marigold Corp. shows that the planned activity level for next year is expected to be 50000 machine hours. A
Reptile [31]

Answer:

The correct answer is A.

Explanation:

<u>First, we need to separate the fixed costs and calculate the unitary variable costs:</u>

<u></u>

Fixed costs:

Depreciation on factory building= 70,000

Total unitary varaible cost:

Total cost= 800,000 + 250,000 + 250,000= $1,300,000

Unitary cost per hour= 1,300,000 / 50,000= $26

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7 0
3 years ago
Blue ridge bicycles uses a standard part in the manufacture of several of its bikes. the cost of producing 45 comma 000 parts is
aleksklad [387]

Answer:

If Blue ridge decides to purchase the parts instead of manufacturing them, their total costs will increase by $21,300

Explanation:

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variable costs = $69,000

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total cost per unit = $138,000 / 45,000 units = $3.0667 per unit

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If Blue ridge decides to purchase the parts instead of manufacturing them, their total costs will increase by ⇒ $159,300 - $138,000 = $21,300

7 0
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Answer:

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