1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alukav5142 [94]
3 years ago
6

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

according to the company's records at August 31, $17,350. Cash balance according to the bank statement at August 31, $18,340. Checks outstanding, $3,520. Deposit in transit, not recorded by bank, $2,830. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $60. a. Prepare a bank reconciliation, using the format shown in Exhibit 13. Creative Design Co. Bank Reconciliation August 31, 20Y6 Cash balance according to bank statement $ Adjustments: Deposit in transit, not recorded by bank Outstanding checks Total adjustments Adjusted balance $ Cash balance according to company's records $ Adjustments: Error in recording check $ Bank service charge Total adjustments Adjusted balance $ Feedback b. If the balance sheet were prepared for Creative Design Co. on August 31, 2016, what amount should be reported for cash? $
Business
1 answer:
Virty [35]3 years ago
5 0

Answer:

A)

Bank reconciliation:

Bank balance Augusts 31                    $18,340

+ Deposits in transit                              $2,830

<u>- Outstanding checks                           $3,520</u>

Reconciled bank account                   $17,650

Cash balance reconciliation:

Cash balance August 31                     $17,350

+ Error in recording check                      $360

<u>- Bank fees                                                 $60</u>

Reconciled cash account                   $17,650

B) Cash account balance $17,650

You might be interested in
Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,
serg [7]

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

6 0
3 years ago
oas on a callable bond is 75 basis points using on-the-run treasuries as benchmark rates. which is correct?
Rina8888 [55]

The correct statement is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates. Read below about a callable bond.

<h3>What is a callable bond?</h3>

A callable bond is a type of bond that permits the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. Consequently, the said point which is basis is 75.

Therefore, the correct answer is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates.

learn more about callable bond: brainly.com/question/24129882

#SPJ11

4 0
2 years ago
Alexandra is a veterinarian employed by Fast Vet Services. Susan is a self-employed veterinarian. During the current year, Alexa
melomori [17]

Answer/Explanation:

Susan's veterinary expenses are deductible for adjusted gross income

because she is self-employed and at the same time her vet practice constitutes a business.

Therefore, all of her veterinary expenses are deductible for adjusted gross income.

Alexandra is said to be in a trade or business as an employee and

the unreimbursed expenses of an employee are deducted as miscellaneous itemized deductions.

Therefore, Alexandra only benefits if she itemizes her deductions while Susan will always get the full benefit of the deduction.

3 0
3 years ago
When coded in a WHERE clause, which search condition will return invoices when payment_date isn’t null and invoice_total is grea
tia_tia [17]

<u>Answer:</u>

Option d is the correct answer, i.e; payment_date IS NOT NULL AND invoice_total >= 500

<u>Explanation:</u>

When coded in a WHERE clause, which search condition will return invoices when payment date isn’t null and invoice total is greater than or equal to $500 then payment_date IS NOT NULL AND invoice_total >= 500 and the remaining options are wrong.

Therefore, the Option with, i.e; payment_date IS NOT NULL AND invoice_total >= 500 is the correct answer.

4 0
3 years ago
The aggregate expenditure model can be written in terms of four spending categories. Which equation shows the relationship betwe
Kay [80]

Answer:

The correct answer is AE = C + I + G + NX.

Explanation:

Aggregate spending (in Keynes's opinion) is the key to economic activity, that is, what families, businesses and government plan to buy determines what companies will end up producing. In the first stage of the analysis, a simplified model excludes the government, assumes that there is no foreign sector, and that the level of real income or income (and not prices) is the main determinant of aggregate expenditure

7 0
3 years ago
Other questions:
  • A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th
    10·1 answer
  • Alex paid $600 to Rita, his ex-wife, for child support. Under the terms of the divorce decree, Alex claims the dependency exempt
    5·1 answer
  • a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
    14·1 answer
  • The_______of the strategic sourcing process, which is sometimes kicked off in response to an entirely new need within an organiz
    10·1 answer
  • Given question three, what is the equilibrium quantity​
    8·1 answer
  • What phrase describes businesses who develop a positive relationship to<br> society
    5·1 answer
  • As a business owner, how do you allocate your resources properly?
    6·1 answer
  • A buyer-supplier relationship is formed around leverage items in portfolio analysis to attain the desired levels of quality, qua
    9·1 answer
  • often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each p
    8·1 answer
  • Give like the LATEST NEW PLAYLIST "Sad Boy Intro" if you want to heard (Unrelease) playlist and listen to "A love Letter Heart B
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!