Answer:
Correct ending balance 7855
Explanation:
Cash 7844
Books
Cash receipts pending on bank -3238
Checks written 1325
Banks
Bank service fee -25
Interest earned 36
Bank conciliation 5942
Bank account 5942
7844
Correct ending balance 7855
Answer: The answer is Discontinued Operation.
Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.
Discontinued operations are reported on the income statement, but separately from continuing operations.
The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.
B..................................
