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diamong [38]
3 years ago
8

In preparing its August 31, 2010 bank reconciliation, Adel Corp. has available the following information:

Business
1 answer:
saul85 [17]3 years ago
5 0

Answer: C $22,100

Explanation: Bank Reconciliation

8/31/10 Bank Balance $21,650

Add:

8/31/10 Deposit in transit. $3,900

Less:

8/31/10 Outstanding Chq. $2,750

8/30/10 Rtd Chq. $600

8/31/10 Bank Charges. $100

Cash book balance $22,100

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Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded
Sedaia [141]

Journal entries

Dr Allowance for uncollectible account $41,000

Cr Account Receivable $41,000

Dr Account receivable $3,600

Cr Allowance for uncollectible account $3,600

Dr Cash $3,600

Cr Account receivable $3,600

5 0
3 years ago
Which three factors decrease because of protectionism? competition job security domestic production goodwill with trade partners
ludmilkaskok [199]

answer:

competition, goodwill with trade partners, and importation of goods

3 0
2 years ago
When Fisher-Price comes up with an idea for a new toy, it needs to ensure that the children who play with the toy will not choke
Dmitriy789 [7]

Answer:

The correct answer is Product Development Stage.

Explanation:

If any of the changes are required to be incorporated in a design, the best point of attempting these changes is in the product design phase such that the considerations are included from the initial stage and the design effort is not wasted.

6 0
3 years ago
What is the IRS method of allocating expenses between rental use and personal use?
lidiya [134]

Answer:

Schedule E- Allocation of Rental and Personal Expenses.  

Explanation:

Hello so I am gonna assume your talking about what I said above if you use your dwelling unit for both rental and personal purposes, divide your expensive  between the rental use and the personal use based on the number of days used for each purpose.

Hope this helps :)

3 0
3 years ago
West Side Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50. Afterward,
Tom [10]

Answer:

$77.81

Explanation:

We are given that West Side Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50.

Required rate - 16%

Growth rate = 6%

We are supposed to find the current share price

Formula :P_0=\sum_{t=0}^{T}\frac{D_T}{(1+r)^t}+\frac{D_{T+1}}{r-G}(1+r)^{-T}

D = Dividends

t = time

r = required rate

G= Growth rate

Substitute the values in formula :

P_0=\frac{16}{(1+0.16)^1}+\frac{12}{(1+0.16)^2}+\frac{11}{(1+0.16)^3}+\frac{7.50}{(1+0.16)^4}+\frac{7.50(1+0.06)}{0.16-0.06}(1+0.16)^{-4}\\P_0=77.81\\

3 0
3 years ago
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