1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rudiy27
3 years ago
8

The following information is available for Trinkle Company for the month of June: The unadjusted balance per the bank statement

on June 30 was $56,084. Deposits in transit on June 30 were $2,655. A debit memo was included with the bank statement for a service charge of $22. A $4,418 check written in June had not been paid by the bank. The bank statement included a $800 credit memo for the collection of a note. The principal of the note was $775, and the interest collected amounted to $25. Required Determine the true cash balance as of June 30. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Business
1 answer:
Ymorist [56]3 years ago
5 0

Answer:

$54,321

Explanation:

Prepare a Bank Reconciliation statement to determine the true cash balance as of June 30.

Bank Reconciliation statement as at June 30

Balance as per Bank Statement             $56,084

Add Outstanding Lodgments                   $2,655

Less Unpresented Checks                       ($4,418)

Balance as per Cash Book                      $54,321

Conclusion

The true cash balance as of June 30 is  $54,321.

You might be interested in
Write expanded notation of 752 863​
tresset_1 [31]
I don’t know if the numbers are supposed to be together or not but if it’s 752,863 than the expanded notation is:
700,000
+ 50,000
+ 2,000
+ 800
+ 50
+ 3
And if it is 752; 863 than the expanded notation is:
700
+ 50
+ 2
;
800
+ 60
+ 3
4 0
2 years ago
Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later,
Sliva [168]

Answer:

See the attached excel file for the horizontal statements model.

Explanation:

In the attached excel file, we have:

FA = Financing activity

For event 1:

Cash = $20,000

Common stock = Number of shares * Share price at par = 1,000 * $10 = $10,000

PIC in Excess = Paid in capital in excess = Cash - Common stock = $20,000 - $10,000 = $10,000

For event 2:

Cash = Number of shares issued * Price per share = 2,000 * $2.50 = $50,000

Common stock = Number of shares * Share price at par = 2,000 * $10 = $20,000

PIC in Excess = Cash - Common stock = $50,000 - $20,000 = $30,000

Download xlsx
3 0
3 years ago
The focus of strategic management is​ ______. A. the integration of all the functional areas of the business to achieve its orga
IceJOKER [234]

Answer:

A. the integration of all the functional areas of the business to achieve its organizational objectives

Explanation:

Strategic management is the process of  setting goals for an organisation, analyzing its competitive environment and internal environment, and  evaluating strategies that will ensure that the organisation achieve its goals. It covers all  the functional areas  such as the micro and macro environment of the business.

7 0
3 years ago
Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured
iris [78.8K]

Answer:

1. 780,000 pints

2. $1

3. $780,000

Explanation:

1. The computation of the equivalent units of production is shown below:

= Units completed and transferred out + completed units in ending inventory  × completion percentage

= 700,000 pints + 200,000 pints × 40%

= 780,000 pints

2. The computation of the unit cost for January month is shown below:

= (Beginning Work in process + Costs added during January) ÷  equivalent units

= ($156,000 + $624,000) ÷ (780,000 pints)

= $1

3. The computation of the assigned units is shown below:

= Units completed and transferred out × unit cost + completed units in ending inventory  × completion percentage × unit cost

= 700,000 pints  × $1 + 200,000 pints × 40% ×$1

= $780,000

3 0
3 years ago
Outstanding Job Hours to Print Job Penalty for not completing job in 24 hoursJob A 6 -$120Job B 9 -$200Job C 12 -$360Job D 16 -$
pav-90 [236]

Answer:

Option D is correct

Explanation:

The cumulative loss in penalty of this option is the highest compared to the rest which makes it logical.

7 0
3 years ago
Other questions:
  • Below are a set of heights (in inches) and GPA scores for a sample of 6 students. Height, GPA 60, 4.0 55, 3.2 62, 3.7 55, 3.9 49
    14·1 answer
  • Lyla faces the challenge of developing the promotion mix for a new business. Given the uniqueness of the new products and a very
    14·1 answer
  • Securities issued by all of the following organizations are exempt from the registration requirements of the 1933 Securities Act
    12·1 answer
  • Some researchers and analysts have noticed a trend in which firms that increase their dividends see an increase in their stock p
    6·1 answer
  • A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
    12·1 answer
  • On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and
    10·1 answer
  • If the money supply increases 12 percent, velocity decreases 4 percent, and the price level increases 5 percent, then the change
    7·1 answer
  • Sixx AM Manufacturing has a target debt—equity ratio of 0.55. Its cost of equity is 16 percent, and its cost of debt is 10 perce
    11·1 answer
  • A change in supply is illustrated by a movement along an existing supply curve
    11·2 answers
  • WILL MARK BRAINLIEST
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!