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N76 [4]
3 years ago
6

Damon Company receives its monthly bank statement, which reports a balance of $1,850. After comparing this to the company’s cash

records, Damon’s accountants determine that deposits outstanding total $3,600 and checks outstanding total $3,850.
Calculate the reconciled bank balance for cash.
Business
1 answer:
Dvinal [7]3 years ago
7 0

Answer:

The reconciled bank balance for the cash amounts to $1,600

Explanation:

The reconciled bank balance for the cash would be computed as:

= Bank statement balance + Deposits outstanding - Checks outstanding

where

Bank statement balance amounts to $1,850

Deposits outstanding amounts to $3,600

Checks outstanding  amounts to $3,850

Putting the balances above:

Reconciled bank balance for cash = $1,850 + $3,600 - $3,850

= $5,450 - $3,850

= $1,600

Therefore, the adjusted bank statement balance amounts to $1,600

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To determine if a person is "in the business" of giving investment advice under the Investment Advisers Act of 1940, which of th
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Answer:

Correct Answer:

B. I and III only.

Explanation:

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C) This step is to make people work together or COOPERATE to achieve a common objective

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Answer:

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2. Job Fit: It is the job of the Human Resources manager to ensure that the candidate can do the job. He or she can achieve this by using various recruitment, selection and interview. For a 5 Start International Resort, for instance, the employees must be very people-centric, courteous and display high levels of social and emotional intelligence.

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Cheers!

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What data is used to create a business cycle ?
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