Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The preparation of the bank reconciliation statement on September 30 is presented in the spreadsheet. Kindly find the attachment below:
Answer: ($13,000)
Explanation:
Closing balance of Equity = Opening Balance + Retained earnings
Retained earnings = Net Income - dividends
Formula above shows that equity changes as a result of Retained earnings which is the net of Net Income and Dividends.
Change in equity will be = Net Income - Dividends
= (100,000 - 89,500) - 24,000
= -$13,500
<em>Equity reduces by $13,500</em>
The answer is "<span>As of January 1, Year 1".
The cumulative impact of an adjustment in accounting rule squares with the difference between retained income toward the start of time of the change and what retained profit would have been if the change was applied to all influenced earlier periods, accepting comparative financial statements are not exhibited. Starting retained profit of the earliest year exhibited is balanced for the cumulative impact of the change.
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-.444 anything divided by nine is the numerator repeating, just add a - sign
Answer:
Kyle will have in five years from now 2,501.26 dollars for his investment on certificate of deposit.
Explanation:
We need to calcualte the future value of a lump sum:
Principal $ 2,200
time 5 years
rate 2.6% = 2.6/100 = 0.02600
Amount 2,501.26
