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3 years ago

Part III short essay (10 points). (At most one page including diagrams and explanations)

Business

1 answer:

alexdok [17]3 years ago

3 0

The corona virus pandemic effects everyone globally. It affects the supply the united states brings in from other countries. As we try not to spread the corona more we must stop our supplying from other countries meanwhile. Other countries are in the same scenario as us because they may be worried about spreading and receiving.

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On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web

Radda [10]

Answer:

Required 1.

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Required 2.

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

<u>Debit :</u>

Balance as at July 31 $14,183

Credit Transfer : Foncier Ricard $14,300

Totals $28,483

<u>Credit:</u>

Check 1425 understated ($99 - $69) $30

Direct Debit : Central Common $261

Cash Book Updated Balance (Balancing figure) $28,192

Totals $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Journal Entries :

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

Check 1425 $30 (debit)

Cash $30 (credit)

3 0

3 years ago

PLZ HELP

pochemuha

Answer:

D. Government agency report

Explanation:

D. makes the most sense!! Good luck!

7 0

3 years ago

Read 2 more answers

Brandon has completed the first draft of his business report and is in the third phase of the writing process, revision. what sh

Dmitry [639]

The phase 3 of a business report is the revision phase.
The revision phase involves revising, proof reading and evaluation.
In this phase, improving the content and sentence structure of the report, correcting the grammer, spelling, punctuation, and format of the report and adding, cutting, and recasting what has been written.

Therefore, the correct answer to the question is äll answer choices are correct".

3 0

3 years ago

Shawn will pay Craig with a negotiable instrument, and Shawn plans to involve a third party in that process. What instrument sho

masha68 [24]

The instrument that Shawn must use is “payable to the order of” before the name of the payee.

<h3>Requirements of Negotiability </h3>

The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
This restriction exists to prohibit an instrument from having an uncertain value.
If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.

Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.

To learn more about the Negotiation instrument refer to:

brainly.com/question/9312091

#SPJ4

5 0

2 years ago

The Brainchild is a store that specializes in educational toys for children. In order to increase the probability of customers v

Viefleur [7K]

Options: decreasing an importance weight. increasing a performance belief. decreasing the performance belief for a competitive retailer. adding new benefits. focusing on all benefits.

Answer: ADDING NEW BENEFITS.

Explanation:Adding new benefits or improving existing benefits are ways used by Store or business organisations to attract new customers or to retain existing ones or improve its number of loyal customers.

Benefits are free services or gifts given, Brainchild has increased the benefits of buying from its store by offering discounts, gift wrapping, and free shipping,all these will attract more customers to its store and hence increase loyal customers and number of customers.

6 0

4 years ago