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
Illusion [34]
3 years ago
10

Peterson Company's general ledger shows a cash balance of $7,440 on May 31.

Business
1 answer:
marysya [2.9K]3 years ago
4 0

Answer:

                                                                      Amount in $

Balance per bank                                                7,820.00  

cash receipt                                                        1,200.00  

NSF Check                                                           110.00  

Service charge                                                    70.00  

Unpresented check                                       - 1,760.00

Balance per cash account                               <u> 7,440.00 </u>  

Balance per cash account                               7,440.00  

Adjusting entries  

NSF Check                                                         - 110.00

Service fee                                                         - 70.00

Adjusted cash balance                                        <u>7,260.00  </u>

Explanation:

The NSF check and service fee are the only transactions yet to be adjusted for in the cash account balance as at 31 May. These are the only transactions to be considered in arriving at the cash account balance.

Other transactions such as unrecorded check and cash receipts have been reflected in the cash account.

You might be interested in
In business, a message written to right a wrong is called a claim. Straightforward claims are those where the receiver is expect
REY [17]

Answer: A clear statement of the problem

Explanation:

The opening of a direct claim message should clearly state the problem that you would like to be addressed by the receiver and would set the tone for the rest of the message.

Claim messages are formal messages and as such, should be clear and concise so that the message is communicated effectively and there is a lesser chance of the message being misread. This is why the message should be clearly stated, so that the receiver understands it and responds in kind.

5 0
3 years ago
Administrative assistants are categorized in what occupational group?
oksano4ka [1.4K]

Answer:

43-0000 Office and Administrative Support Occupations (Major Group)

Explanation:

3 0
3 years ago
A ________ produces goods in advance of customer demand using a forecast of sales and moves them through the supply chain to poi
adoni [48]

Answer:

C.) Push System.

Explanation:

3 0
3 years ago
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One c
Mars2501 [29]

Answer:

D the demand for tarot card readers has increased.

Explanation:

At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.

8 0
3 years ago
Which of the following best describes what investment is?
antoniya [11.8K]
The most likely answer is option 3
3 0
3 years ago
Other questions:
  • PureRinse Inc. is a brand reputed for its wide variants of body wash that introduced its range of shampoos and skin moisturizers
    5·1 answer
  • Laura is a student at a state university. In 2018, she received a scholarship of $6,000 for tuition and fees and an assistantshi
    5·1 answer
  • For each of the following scenarios, classify the type of spending (C,I,G,Xn), describe its impact on gross domestic product (in
    14·1 answer
  • A piece of evidence would still be admissible in court if __________.
    12·1 answer
  • The world’s poor are disproportionately affected by environmental degradation and lack of access to clean, affordable energy ser
    15·2 answers
  • Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information
    8·1 answer
  • In the capitalistic economy what ensures that a firm will survive only way to serve its customers wall by providing products and
    12·1 answer
  • May i have the answer for this im not quite sure
    11·2 answers
  • In which type of career would you expect to spend a great deal of time backing up computer files?
    10·2 answers
  • How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!