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
kondor19780726 [428]
3 years ago
14

A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduc

tion error of $25 made by the bank against the account. What is the correct balance in the bank account at month end
Business
1 answer:
Semmy [17]3 years ago
4 0

Answer:

$56,552

Explanation:

A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduction error of $25 made by the bank against the account.

The correct balance in the bank account at month end will be:

Balance as per bank statement....$52,000

Add: Outstanding Checks................$8,000

less: In transit deposit......................($3,500)

Add back: Deduction in error.............<u>....$52</u>

Correct balance in  bank account <u>$56,552</u>

You might be interested in
Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 540 Cost of goods manufactured
SVEN [57.7K]

un u get the numbers then subtract them and come good with the answer

4 0
3 years ago
Corbin Company was charged​ $25 for a check printing service fee associated with its checking account. Which journal entry is​ r
snow_tiger [21]

Answer:

Dr Miscellaneous expense $25

Cr Cash $25

Explanation:

With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.

Hence journal entry would be;

Dr Miscellaneous expense $25

Cr Cash $25.

3 0
3 years ago
What are two tasks (out of several) commonly performed by operating systems?
Ludmilka [50]
<span>There are various tasks that are performed by most common operating systems, and are universal across differing computers and other devices. Two important tasks are: managing communication between the software and a system's hardware abd deciding how a computer's memory and storage will be determained.</span>
5 0
3 years ago
Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide
just olya [345]

Answer:

                               Skysong Corporation

                       Statement of Retained Earnings

Retained earnings balance January 1, 2020               $691,300

Add:

Adjustments to 2019 Income Statement                       $88,390

Net profits 2020                                                          $1,552,100

Less:

<u>Dividends declared and distributed                            ($82,000) </u>

Retained earnings balance December 31, 2020      $2,249,790

Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.

4 0
4 years ago
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small au
mylen [45]

Answer: The explanation are as follows:

Explanation:

(A) If small automobiles become more fashionable then this will attract the consumers attention towards small automobiles. So, this will increase the demand for the small automobiles.

(B) If the price of large automobiles rises and the price of small automobiles remains the same. They both are substitute goods. So, the demand for small automobiles increases as the price of its substitute goods increases.

(C) If small automobiles are inferior good and there is reduction in the income of consumers. This will increase the demand for small automobiles as the income of the consumers decreases.

(D) If consumers anticipate that the price of small autos will greatly come down in the near future then they stop buying small automobiles today. So, the demand for small automobiles decreases because consumers waiting for the lower price in the near future.

(E) Gasoline and small automobiles are complementary goods, therefore, if the price of gasoline substantially drops, as a result demand for small automobiles increases.

4 0
3 years ago
Other questions:
  • A home sells for $125,000 in United County. The Realtor’s commission is 7.4%, and the mortgage balance is $98,000. The seller ha
    7·1 answer
  • !. without asking, you help a coworker who is burdened by multiple and fast approaching deadlines.
    8·1 answer
  • OSHA maintains accident summaries on their web site?<br><br> A.<br> False <br> B.<br> True
    12·2 answers
  • What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
    14·1 answer
  • An increase in net exports causes GDP to increase. causes an increase in imports of the same size. can cause GDP to either incre
    14·1 answer
  • When a company sets a high price for a new product with the intention of reducing the price in the future, it is using the _____
    12·2 answers
  • Parker &amp; Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
    6·1 answer
  • 8.30662386 x 8.30662386
    8·1 answer
  • ____________ is the process of identifying and assessing the volume and sentiment of what is being said about a company, individ
    6·1 answer
  • 1.1.1 (1 ) 1 Quote the vision statement of Mpumi Bottle Manufacturers in the case study about ​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!