Which of the following bank reconciliation items would be reflected in a journal entry?

Mathematics

2 answers:

Len [333]2 years ago

7 0

C. Bank service charges

Vaselesa [24]2 years ago

3 0

Answer:

Option c) Bank service charges

Step-by-step explanation:

Bank service charges are the charges debited by the bank periodically to the account of the customer for some services.

a) Error made by the bank

is incorrect as this would be adjusted in the bank itself the company need not pass journal entry

b) Outstanding checks

These will be automatically reconciled if debited or deposited. Hence the company need not pass journal entry

c) Bank service charges to be adjusted, the company has to pass journal entries otherwise bank balance would show a higher amount than cash book

Option c is right

d) Deposit in transit These will be automatically reconciled if debited or deposited. Hence the company need not pass journal entry

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Omar wants to purchase a bike helmet for 22.55 and a bike for 134.45.

noname [10]

Answer:

$169.96 dollars

Step-by-step explanation:

Given the following questions:

8.25% of 22.55 and 134.45

In order to find the answer, we will have to add the initial costs of the items together, then we will calculate using the formula for percentages to find the tax rate.

$22.55+134.45=157$
$157$

Calculate the percentage:
 $\frac{p\times c}{100}$
$\frac{8.25\times157}{100} =8.25\times157=1295.25\div100=12.9525$
$=12.9525$
$12.9525$
$2 < 5$
$=12.96$

Add the sales tax:
$157+12.96=169.96$
$=169.96$

Which means the two items along with an 8.25% sales tax costs "$169.96 dollars."

Hope this helps.