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vodomira [7]
3 years ago
6

Explain Bank reconciliation and bank statement.​

Business
1 answer:
tresset_1 [31]3 years ago
6 0

Answer:

A bank statement is the document sent by a bank at the end of each month showing the balance of our bank account and the transactions that had take place during the time.

A bank reconciliation statement is a document we prepare to identify and present the reasons for the difference between the bank statement's balance and the bank accounts balance we keep in our ledger!

Explanation:

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4 years ago
A news service conducted a survey of 1003 adults ages 18 years or older in a certain​ country, August 31minusSeptember ​2, 2015.
hichkok12 [17]

Answer:

a.) The Objective: To know the public opinion on the waste of the tax payer dollards

b).  The population: Adults ages 18 years or older in a certain country

c). The sample: 1003 adults

d). Descriptive statistics:

36% (362 individuals) think that 51 cents or more is wasted out of  every dollar that tax payers pay the goverment

36% ( 362 individuals) think that at least 51 cents are wasted out of  every dollar that tax payers pay the goverment

Margin of error= 5%

Confidence level= 90%

Explanation:

A). The research main objective is extracted from the reasearch question. If researchers question is how many cents out of a dollar that tax payers pay adults think are wasted then the objective is to know that information.

B). The population is not the same as sample, the sample is the representative portion of the population, in this case the population are adults in the country.

C).  the sample is 1003 adults from the country.

D.  Descriptive statistics are included in the question.

The margin of error is a statistic that expresses the amount of random sampling error in the results of a survey.

A confidence level refers to the percentage of all possible samples that can be expected to include the true population parameter given the sample.

5 0
3 years ago
Kelley Co. has $2,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value c
postnew [5]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $500,000

Premium on bonds payable A/c Dr $28,125

           To Common stock A/c $450,000

           To Paid in capital in excess of par A/c $78,125

(Being the conversion of bonds is recorded)

The computation is shown below:

For Premium on bonds payable:

= $500,000 ÷ $2,000,000 × $112,500

= $28,125

For Common stock:

= $500,000 ÷ $1,000 × 30 × $30

= $450,000

And, the remaining balance is credited to paid in capital in excess of par

5 0
3 years ago
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