Answer:
The amount should the bank report = $ 21725
Explanation:
Entries:
3.Dr accounts payable 23375
Cr Bank 23375
4. Dr Bank 7500
Cr Account receivable 7500
5. Dr Bank 900
Cr Accounts payable 900
(Error in check)
6. Dr Bank charges 45
Cr Bank 45.
(To record bank charges)
Creative Design co
Bank Reconciliation statement
$
Balance as per bank statement as Aug -20Y6 = 37600
<u>Adjustment:</u>
Add: Deposit in transit = 7500
Less: Outstanding checks = (<u>23375</u>)
Adjusted balance <u>21725</u>.
Balance as per Cash book = 20870
Less : Bank charges = (45)
Add: Error in check = <u>900</u>
Adjusted Balance <u>21725</u>
Answer:
Standard cost= $88 per unit
Explanation:
Giving the following information:
Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $44 per square yard.
To calculate the standard cost per unit, we need to multiply the total direct material quantity per unit for its unitary cost.
Standard cost= 2sq*$44= $88 per unit
police officers are part of it all, its true
I think the answer is price, but I don't know
Answer:
$34,900
Explanation:
The computation of the ending balance in the Owner's Capital account is shown below:
= Net income + investment
= $29,200 + $5,700
= $34,900
The another method is
Stockholder equity = Total assets - total liabilities
where,
Total assets = Cash + Office supplies + accounts receivable
= $20,800 + $2,700 + $11,400
= $34,900
And, the total liabilities is zero
Now put these values to the above formula
So, the value would equal to
= $34,900 - $0
= $34,900
