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xz_007 [3.2K]
3 years ago
6

According to the Portland Business Journal, Jim Houser, a Portland auto specialist, landed a key Small Business Administration a

ppointment. Help Jim reconcile Remington’s Auto Clinic’s checkbook and bank balance according to the following: bank statement balance, $18,835; checkbook balance, $22,385,105; interest earned, $4,020; deposits in transit, $100,740 and $22,376,200; ATM card fees, $450; outstanding checks—No. 10189, $56,710; No. 10192, $15,365; No. 10193, $22,650; and No. 10194, $12,375.
Business
1 answer:
mario62 [17]3 years ago
7 0

Answer:

reconciliate balance $ 22,388,675‬

Explanation:

bank statement:                18,835

deposits in transit           100,740

                                 22,376,200

outstanding check

  10189                            (56,710)

  10192                            (15,365)

  10193                           (22,650)

  10194                            (12,375)

Adjusted balance:  22,388,675‬

checkbook balance: 22,385,105

      interest earned           4,020

      ATM card fees              (450)

  Adjusted balance:  22,388,675

Notes: For each statement we adjust for the unknown information.

The bank is unaware of the outstanding check and the deposit in transit.  So we adjust for these concepts.

The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.

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3 years ago
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<h3>Hello there!</h3>

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The constraints are usually connected to one another. For example, an increase in the project scope will require an increase in cost and time. Also, accelerating the project timeline may lead to a reduction in the project costs but also lower the scope.

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