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Lena [83]
3 years ago
12

Dewitt Company gathered the following information in preparing its bank reconciliation on May 31: Cash balance per books, May 31

, $3,500; deposits in transit, $1,150; note and interest collected by the bank, $850; bank service charge, $20; outstanding checks, $2,500; NSF check, $170. The adjusted cash balance per books at May 31 is
Business
1 answer:
guapka [62]3 years ago
7 0

Answer:

The answer is: $4,160

Explanation:

To calculate Dewitt Company's adjusted cash balance per books we must add: cash balance per book + notes and interest collected. Then we subtract bank service charges and NSF check.

adjusted cash balance per books = ($3,500 + $850) - ($20 + $170) =

adjusted cash balance per books = $4,350 - $190 = $4,160

The adjusted cash balance per books doesn't include deposits in transit or outstanding checks (these are included in cash balance reconciled per bank statement).

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Complete Question:

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Answer:

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8 0
3 years ago
What will an executive summary for a new business contain that a business plan for a well-established business will not?
Setler [38]
Hello,

The answer is option A "a mission statement".

Reason:

The answer is option A because the mission statement pretty much tells the goals of the business. Its not option B because every executive summary must include funding's on its products (to show if they raised prices or sales). Its not option C because every businesses wants to grow in order to make more money (by making more stores). Its also not option D because every summary will have the information about the newest products and services for there business.

If you need anymore help feel free to asks me!

Hope this helps!

~Nonportrit
3 0
4 years ago
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Answer:

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