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Elodia [21]
3 years ago
11

Peterson Company's general ledger shows a cash balance of $7,480 on May 31. May cash receipts of $1,230, included in the general

ledger balance, are placed in the night depository at the bank on May 31 and processed by the bank on June 1. The bank statement dated May 31 shows an NSF check for $110 and a service fee of $80. The bank processes all checks written by the company by May 31 and lists them on the bank statement, except for one check totaling $1,780. The bank statement shows a balance of $7,840 on May 31. Prepare a bank reconciliation to calculate the correct ending balance of cash on May 31. (Amounts to be deducted should be indicated with a minus sign.)

Business
1 answer:
vfiekz [6]3 years ago
4 0

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the  bank reconciliation statement on May 31  is presented in the spreadsheet. Kindly find the attachment below:

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jek_recluse [69]

Answer:

The answer is "True".

Explanation:

Please find the complete question in the attached file.

It implies that its price of the bond is 101-16, which is to say

\to 101 + \frac{16}{32}\\\\\to  \frac{3232+ 16}{32} \\\\\to  \frac{3248}{32} \\\\\to 101.5

Each bond is thus stated as 101.5 \% face value

\to 101.5\% \times 100,000 \\\\\to 101,500.00

That's why this statement is true.

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Answer:

(3) to protect his/her other assets with limited liability.

Explanation:

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The long-run industry supply curve is the graphic representation of the quantity of output that the industry is prepared to a. s
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6 0
2 years ago
What is a cognitive biasis that a person might be subject to?
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7 0
3 years ago
Read 2 more answers
WHY 19/20? I think 19-20/(19+20)/2
Gnom [1K]

Answer:

19-20÷(19+20)÷2=-1÷156

Explanation:

(19-20÷(19+20))÷2

(-1÷39)÷2

=-1÷156

5 0
3 years ago
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