All categories

3 years ago

The following information pertains to Cullumber Company.

Business

1 answer:

AysviL [449]3 years ago

3 0

Answer:

Cullumber Company

Bank Reconciliation

August 31, 2022

Cash balance as per bank $7,338

Add: Deposit in transit $2,810

$10,148

Less: Outstanding checks $690

Adjusted Cash Balance $9,458

Cash balance per books $7,374

Add: Electronic fund transfer received $2,126

by bank

$9,500

Less: Bank service charges $42

Adjusted Cash balance $9,458

You might be interested in

On January 1, Year 2 Boothe Company paid $12,000 cash to extend the useful life of a machine. Which general journal entries woul

Akimi4 [234]

Answer:

January 1, 2016:

Dr Accumulated Depreciation account 12,000

Cr Cash account 12,000

Explanation:

The accumulated depreciation account is a contra asset account used to record all the incurred depreciation expense since the asset (or assets) was being used or put into service.

Since the repairs extended the life cycle of the asset, then its accumulated depreciation decreases.

5 0

4 years ago

O que é superavitário e deficitário? * O que é SFN? * Pesquise os principais ações deficitárias e superavitários do governo nos

jolli1 [7]

Answer:

sao coisas qui eu nao consogo espluc

5 0

3 years ago

What is local technology

Andrei [34K]

Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.

7 0

3 years ago

(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 y

prisoha [69]

Answer:

The money should be invested in bank = $137,639.05

Explanation:

Given annually withdrawal money (annuity ) = $12000

Number of years (n ) = 20 years

Interest rate = 6 percent.

Since a person withdraw money annually for next 20 years with 6 percent interest rate. Now we have to calculate the amount that have been invested in the account today. So below is the calculation for invested money.

$\text{Present value of annuity} = \frac{Annuity [1-(1 + r)^{-n}]}{rate} \\= \frac{12000 [1-(1 + 0.06)^{-20}]}{0.06} \\=12000 \times 11.46992122 \\=137,639.05$

4 0

3 years ago

Consuming 2 widgets provides 240 total utility, while consuming 3 widgets provides 270 total utility. What is the marginal utili

inessss [21]

Answer:

Explanation:

Data provided in the question

Total utility consuming the 2 widgets = 240

Total utility consuming the 3 widgets = 270

So by considering the above information, the marginal utility of consuming the third widget is

= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets

= 270 - 240

= 30

Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets

3 0

3 years ago