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andreev551 [17]
3 years ago
15

A company received a bank statement with a balance of $ 6 comma 000.Reconciling items included a bookkeeper error of $ 300long d

asha$ 300check recorded as $ 700long dashtwooutstanding checks totaling $ 810​,a service charge of $ 21​,a deposit in transit of $ 250​,and interest revenue of $ 22.What is the adjusted bank​ balance?
Business
1 answer:
anzhelika [568]3 years ago
6 0

Answer:

The adjusted bank​ balance is $5,293

Explanation:

In order to calculate the adjusted bank​ balance we would have to make the following calculation:

adjusted bank​ balance=Bank balance as per bank statement+Deposit in transit+Bank Service Charge+Interest revenue-Outstanding Checks-Error made by book keeper

adjusted bank​ balance=$6,000+$250+$21+$22-$700-$300

adjusted bank​ balance=$5,293

The adjusted bank​ balance is $5,293

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Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income                                                                       624,000

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Decrease in accounts receivable                                     22,000

Increase in inventories                                                       (9,200)

Increase prepaid expenses                                                (8,500)

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Net cash generated from operating activities                 711,300

7 0
3 years ago
Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the econo
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