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mash [69]
2 years ago
13

If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000 , a deposit of $4,000 was in transit

at month end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in bank account at month end is :
a) $29,400
b) $30,000
c) $30,600
d) $41,400
Business
1 answer:
sukhopar [10]2 years ago
4 0

Answer:

The correct answer is C

Explanation:

The amount of correct balance which is shown in the bank account at the month end is:

= Month end balance - Outstanding balance + Deposit in transit at month end + Check which was erroneously charged by bank

= $36,000 - $10,000 + $4,000 + $600

= $26,000 + $4,600

= $30,600

Therefore, the month end balance amounts to $30,600 in the bank account.

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Schach [20]

Answer:

$100,000

Explanation:

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Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

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Answer: Stimulus generalization.

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3 0
3 years ago
Presented below is information related to Windsor Company.
zysi [14]

Answer:

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Oct 1    Cash                          $16,800

                 Common Stock                      $16,800

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Oct 27   Accounts Payable       $1,100

                    Cash                                      $1,100

Oct 30   Salaries Expense       $2,650

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Answer:

a.

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