Answer:
The amount that the Town of Harmon currently have available to spend for street maintenance supplies is $20,000.
Explanation:
From the question, we can obtain the following:
Amount appropriated for street maintenance supplies = $90,000
Outstanding encumbrances for street maintenance supplies = $40,000
Expenditures incurred for street maintenance supplies = $30,000
Therefore, we have:
Amount currently available to spend for street maintenance supplies = Amount appropriated for street maintenance supplies - Outstanding encumbrances for street maintenance supplies - Expenditures incurred for street maintenance supplies = $90,000 - $40,000 - $30,000 = $20,000
Therefore, the amount that the Town of Harmon currently have available to spend for street maintenance supplies is $20,000.
Buisness it’s inventory holding cost per unit
1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
Answer:
bank statement 56,300
Checks outstanding (25,390)
Deposit in transit not recorded by bank<u> 13,325 </u>
Adjusted bank statement 44,235
Cash account 42,920
Bank debit memo for service charges (35)
check register error: <u> 1,350 </u>
Adjusted cash account 44,235
Explanation:
The procedure is to adjust for the unknow information and mistake of each party.
The bank is unaware of the check outstanding and deposit in transit
The company thanks to the banbk statement gets information about a mistake in his check register as it was posted for 1,500 when it should be 150.
