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Makovka662 [10]
3 years ago
10

If a company made a bank deposit on September 30 that did not appear on the bank statement dated September 30, in preparing the

September 30 bank reconciliation, the company should: Deduct the deposit from the bank statement balance. Send the bank a debit memorandum. Deduct the deposit from the September 30 book balance and add it to the October 1 book balance. Add the deposit to the book balance of cash. Add the deposit to the bank statement balance.
Business
1 answer:
jasenka [17]3 years ago
4 0

Answer:

Add the deposit to the bank statement balance.

Explanation:

This is a temporary difference, the bank balance will be adjusted in the bank reconciliation to get the adjusted bank statment.

The deposit is an increase of cash, it will not be deducted. The bank will acknowledge the deposit in 48 or 72 hours so there is no need to send any memo.

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Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the e
Gre4nikov [31]

Answer:

$8,000

Explanation:

Jahwana earns $40,000:

her 401k contributions = 15% x $40,000 = $6,000

Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000

total annual contribution = $6,000 + $2,000 = $8,000

7 0
3 years ago
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Identify which characteristic describes common stock (CS) or preferred stock (PS) financing. May have cumulative and participati
shepuryov [24]

Answer:

Common Stock (CS)

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  • Last to receive distribution of assets in the event of bankruptcy and liquidation. - CS is paid last when assets are liquidated as debt and preferred stockholders are paid off first.

Preferred Stock (PS)

  • May have cumulative and participating features. - Can be cumulative which means that if dividends are not paid in one year, the dividend will be accrued and eventually paid or they can be Participating which means that they can receive more dividends than they are entitled to.
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7 0
3 years ago
If businesses are producing at capacity, and the nation is experiencing almost full employment (a very low rate of unemployment
Ivanshal [37]

Answer:

The correct answer to the following question is D) interest rates would be increased  by the government when there is almost full employment in the economy.

Explanation:

When in the economy, business are producing close to productivity and in the nation there is almost full employment , then it can be said that the economy is booming . Which means there is good amount of money supply in the economy and people are spending robustly and that means the demand is high , which ultimately tells that the prices of goods and services are high.

So to cut the prices, government will increase the interest rate which will lead to the increase in cost of borrowing, and that will cause decrease in money supply and demand will ultimately fall, which leads to decrease in prices of goods and services.

3 0
3 years ago
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An example would be 
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3 0
3 years ago
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F. Marston, Inc. has developed a forecasting model to estimate its AFN for the upcoming year. All else being equal, which of the
erica [24]

Answer:

E) A sharp increase in its forecasted sales.

Explanation:

Haven developed a forecasting model to estimate its AFN for the upcoming year, F. Marston, Inc. would have an increase in the additional funds needed (AFN) due to the sharp increase in its forecasted sales.

An increase in sales translates to an increased cash flow and profits.

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