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EastWind [94]
3 years ago
5

Identify each of the following reconciling items as: An addition to the cash balance according to the bank statement. A deductio

n from the cash balance according to the bank statement. An addition to the cash balance according to the company's records. A deduction from the cash balance according to the company's records. Assume that none of the transactions reported by bank debit and credit memos have been recorded by the company. Write "entry" by items that will require a journal entry in the company's accounts. 1. Deposits in transit. An addition to the cash balance according to the bank statement. 2. Bank service charges. A deduction from the cash balance according to the company's records (entry). 3. NSF check. A deduction from the cash balance according to the company's records (entry). 4. Outstanding checks. A deduction from the cash balance according to the bank statement. 5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. 6. Check for $420 incorrectly recorded by the company as $240.
Business
1 answer:
irina1246 [14]3 years ago
7 0

Answer:

Explanation:

1. Deposits in transit. An addition to the cash balance according to the bank statement.

2. Bank service charges. A deduction from the cash balance according to the company's records (entry).

3. NSF check. A deduction from the cash balance according to the company's records (entry).

4. Outstanding checks. A deduction from the cash balance according to the bank statement.

5. Check for $690 incorrectly recorded by the company as $960. An addition to the cash balance according to the bank statement. (Entry)

6. Check for $420 incorrectly recorded by the company as $240. A deduction from the cash balance according to the company's records.(entry)

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Oxana [17]

Answer:

CCC's new required return be 16.5%

Explanation:

For computing the new required return, first, we have to compute the risk-free rate of return which is shown below:

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12% = Risk- free rate of return  + 1.5 × (10%  -  Risk- free rate of return))

12% = Risk- free rate of  return  + 15% - 1.5% Risk- free rate of return

So, the Risk- free rate of  return is 6%

Now the average stock is increased by 30%

So, the new market risk is 13% and other things will remain constant

So, the new required return equal to

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8 0
3 years ago
A deposit of $100,000 is made to an investment account today. At the end of each of the next four years, $10,000 must be paid ou
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Answer:

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Explanation:

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We can use IRR formula to find the interest rate.

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1                                      10000

2                                     10000

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Answer:

the correct answer is

D all of the above

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