Why doesn't school notes work

Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.

OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0

3 years ago

Sam has always been able to pick up new languages easily. what quality does she have that helps her do this? responses ability a

motikmotik

Sam has always been able to pick up new languages easily. The quality does she have that helps her do this-- response ability

Responsiveness is the ability to pay attention to oneself and the thoughts and feelings one experiences as a result of internal and external stimuli. It includes grounding/centrality and mindfulness, and the ability to consciously and deliberately choose responses with intent and attention.

<h3>What are our reactions to other people?</h3>

To define responsibility, Frankl created the concept of responsibility. It implies the ability and claim to answer calls addressed to us. We are called from within and without.

<h3>What is the response in human values?</h3>

Response - can be defined as a response to an action or statement. The reaction is more thoughtful, with reasoning. Responsive people prioritize thought over action. They think and formulate an intelligent and appropriate response before they speak up.

Learn more about Ability:

brainly.com/question/26506802

#SPJ4

6 0

2 years ago

Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a

LuckyWell [14K]

Answer:

the maximum loan could bank made as the direct result of the deposit is $1,800

Explanation:

The computation of the maximum loan could bank made as the direct result of the deposit is given below:

= Deposit amount × (1 - required reserve ratio)

= $2,000 × (1 - 0.10)

= $2,000 × 0.90

= $1,800

hence, the maximum loan could bank made as the direct result of the deposit is $1,800

7 0

3 years ago

Data shows that the audience for a client's running shoe store is women ages 35 to 50. how can you optimize this client's displa

tatuchka [14]

<span>Women in this age range are most likely mothers to one or more children, so the display network should focus on the messaging moms want to hear, like how these shoes can help them complete their exercise in less time so they can focus on providing for children, working, or maintain their bodies after child birth.</span>

7 0

3 years ago

Compute conversion costs given the following data: Direct Materials, $386,100; Direct Labor, $200,100; Factory Overhead, $220,30

zloy xaker [14]

Answer:

Option (A) is correct.

Explanation:

Given that,

Direct Materials = $386,100

Direct Labor = $200,100

Factory Overhead = $220,300 and,

Selling Expenses = $39,500

Conversion costs = Direct labor + factory overhead

= $200,100 + $220,300

= $420,400

Therefore, the conversion costs for the company is $420,400.

8 0

4 years ago