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Brilliant_brown [7]
4 years ago
14

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank stat

ement shows $29,361 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,650 Outstanding checks 1,431 Additionally, a $49 check correctly written and recorded by the company was recorded by the bank as a $94 deduction. The adjusted cash balance per the bank records should be: Multiple Choice $31,580 $31,535 $34,487 $31,625 $24,325
Business
1 answer:
fredd [130]4 years ago
6 0

Answer: $31,625

Explanation:

To find out the adjusted cash balance per the bank records we will do the following,

First we'll add the deposits in transfer as the bank account already has those,

= 29,361 + 3,650

= $33,011

The bank incorrectly increased a check issued to $94 from $49 so we add the difference to above amount

= 33,011 + (94 - 49)

= $33,056

Then finally we subtract the outstanding checks.

= 33,056 - 1,431

= $31,625

The adjusted cash balance per the bank records should be $31,625.

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Answer:

A person in school with more authority than teachers

Explanation:

Principal = A person above teachers in school

Principle = An important rule or moral

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3 years ago
An awareness of the impact of today's actions on tomorrow's costs is a concept that underlies which of the following notions? Se
tester [92]

Answer:

The correct answer is A. Life-cycle costs

Explanation:

In the life cycle of costs, all the costs associated with the production of a good or the provision of a service over a given period of time interfere. For this reason, professionals in charge of this area should consider not only the information directly related to production, but also the costs associated with the maintenance of the product during its useful life.

5 0
4 years ago
All of the following are true regarding representations except:________
Aliun [14]

Answer:

A. They may be oral or written

Explanation:

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Option C is also correct because the representations statements are true.

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Option A is false because it must not need to be written. Therefore, it is the correct answer.

3 0
3 years ago
Pls refer to photo thank you!
lord [1]
The answer should be product transfer but i could be wrong
8 0
2 years ago
Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would c
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