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
melamori03 [73]
3 years ago
15

Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

usiness on August 31, its Cash account shows a debit balance of $13,162. Franklin's August bank statement shows $14,237 on deposit in the bank. Determine the adjusted cash balance using the following information:
Business
1 answer:
OlgaM077 [116]3 years ago
8 0

Answer:

$14,837

Explanation:

Calculation for what The adjusted cash balance should be

Bank balance$14,237

Add Deposit in transit$4,500

Less Outstanding checks ($3,900)

Adjusted bank balance$14,837

($14,237+$4,500-$3,900)

Book balance$13,162

Less Bank service fees ($50)

Add Note collected $1,725

Adjusted book balance$14,837

($13,162-$50+$1,725)

Therefore The adjusted cash balance should be:

$14,837

You might be interested in
Tim is worried about online content his ten-year-old son might be accessing. Which devices can Tim use to monitor his son’s onli
Cerrena [4.2K]
Maybe restricted mode, possibly a keystroke logger but first you must make sure it is safe. Many keystroke loggers can also capture websites you access.
4 0
3 years ago
Read 2 more answers
What do you know about the economic system?
stiv31 [10]
<span>An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.</span>
6 0
3 years ago
What is your passion
Andre45 [30]
What do you want to be when you grow up?
8 0
3 years ago
Read 2 more answers
A baker knows that her customers will pay $5 for a loaf of bread, but if the marginal
schepotkina [342]

Answer: Sell at lower price

Explanation:

Marginal Utility is the amount of satisfaction that her customers will get with every additional unit of bread purchased.

If the marginal utility decreases, her customers will buy less bread because to them, it is not as valuable anymore. If she offers her bread at lower prices, the customers would buy more because the new price will align with the lower utility the customers get from the additional loaves.

8 0
3 years ago
Which of the following is not a characteristic of monopolistic competition? a. few artificial barriers to entry c. homogenous pr
scoray [572]
Artificial barriers i think but the other possible answer could be slight control over price
6 0
4 years ago
Read 2 more answers
Other questions:
  • What advantage(s) can come from having a river as a natural boundary, when used in conjunction with more traditional barriers su
    12·1 answer
  • Alejandra has come across a section in her physics textbook detailing the affect of wing span on an airplane’s cruising speed. H
    12·2 answers
  • As Mariah was looking over her sales receipt for the shirt she bought at a retail store, she discovered that she was charged 6%
    13·1 answer
  • The statement of changes in stockholders' equity _____. describes changes in each of the major equity subcategories is part of t
    8·1 answer
  • g Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory co
    13·1 answer
  • David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckl
    14·1 answer
  • What is the term for the daily activity of handling economic resources and planning for future economic goals?
    8·1 answer
  • Steve Smith will receive $82,870 on 5 years from now, from a trust fund established by his father. Assuming the appropriate inte
    14·1 answer
  • Evaluating your payoffs as gains or losses relative to an arbitrary baseline distorts your decisions and is a problem associated
    15·2 answers
  • Grande communications offers a lower price to customers who subscribe to grande television, telephone, and internet services all
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!