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finlep [7]
2 years ago
10

Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the

cash records. June 30 Bank Reconciliation Balance per bank $36,400 Add: Deposits in transit 8,008 Deduct: Outstanding checks (10,400 ) Balance per books $34,008 Month of July Results Per Bank Per Books Balance July 31 $44,980 $48,100 July deposits 23,400 30,212 July checks 20,800 16,120 July note collected (not included in July deposits) 7,800 July bank service charge 78 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 1,742 Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
Business
1 answer:
Gre4nikov [31]2 years ago
8 0

Answer:

The solution is given in the table file attached below

Explanation:

Download docx
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The Federal Reserve conducts a $15 million open-market purchase of government bonds. If the required reserve ratio is 20 percent
Soloha48 [4]

Answer:

$200 million

$30 million

Explanation:

When the requiredreserce ratio is 15 percent or 0.15 , then the money multiplier is (1 / required reserve ratio) or (1/0.15 = 0.67)

Now, change in money supply = money multiplier * open market purchase of government bonds.

Here , the Federal Reserve a $30 million open market purchase Of govemment bonds.

As a result of this;

Money Supply increases by (6.7 * $30 million) = $200 million.

This is the maximum amount the money supply could Increase.

Now, if the bank holds. $30 million as excess reserves, then money supply could increase by as much as $30 million. This is the smallest amount themoney supply could increase.

So, If the required reserve ratio is 15 percent the largest possible increase in the money supply that could result is $200 million- and the smallest possible increase is $30 million.

8 0
3 years ago
Spending by which sector is the largest single component of spending in the u.s. economy?
telo118 [61]
The sectors are international, household, business, and government.  The largest spending is consumption spending. That being said the answer would be household. 
3 0
3 years ago
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
Cerrena [4.2K]

Answer:

The buyer should sue the airline carrier

Explanation:

Because it is the airlines job to make sure that the puppy are safe and health

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Information regarding the potential for a job opening is a _____.
snow_lady [41]
The answer to this would be that it is a JOB LEAD
4 0
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Which of the following statements is true?
GalinKa [24]

Answer:

3:

A college may withdraw its offer of acceptance if it finds out you have lied on

Explanation:

Colleges and universities are very particular about the information provided on application forms. Any misrepresentation of facts that the college considers as significant may result in the withdrawal of an offer acceptance letter.

A college may revoke an admission letter if they discover inconsistency in a student's records. For instance, a sudden change to higher grades may indicate cheating. If investigated and found correct, the college may revoke its offer acceptance letter.

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