Answer:
The balance after adjustment is $57,000
Explanation:
Bad debt expense is the company's expense due to the inablity if it's debtor to pay their owed amount. Bad debts expense is also referred to as uncollectible accounts expense. The estimated estimated uncollectible accounts given in the question is $57,000. So the balance after adjustment of the allowance for doubtful accounts would be $57,000 debit.
Answer:
Option B. Shift the short-run aggregate supply curve down.
Explanation:
The reason is that the inflation increases the price of the product which results in decrease in the demand of the product and this decrease in the demand of the product due to increasing inflation results in decrease in the supply of the product because the firms have to control the marginal cost of the product to lower the prices and stay in demand. Hence option B is the correct option.
Answer:
$9,215
Explanation:
Given that,
Bank balance = $8,300
Outstanding checks = $650;
Deposits in transit = $1,300;
Bank service charges = $53
Bank error = $265
Book cash balance:
= Bank balance - Outstanding checks + Deposits in transit + Bank error
= $8,300 - $650 + $1,300 + $265
= $9,215
Therefore, the correct cash balance at the end of the month is $9,215.
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