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2 years ago

Determine which of the items below would show up on a monthly bank statement. (Check all that apply.)

Business

1 answer:

djverab [1.8K]2 years ago

7 0

Answer:

Deposits and other credits increasing the account during the period.

End-of-period balance in the account.

Beginning-of-period balance in the account.

Checks and other debits decreasing the account during the period.

Explanation:

A bank's monthly statement may be described as document showing transaction details which occurred on a bank account during a specified period of time. The monthly statement will include balance or amount in the account at the beginning of the period. The record of deposits and inflow of funds or credits in the account. The monthly statement will also include outflow, which are withdrawals and debits occurring on the account at the specified period of time. Also, the statement will include the balance at the end of the specified period of time.

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"carrie bought a house five years ago for $150,000. at that time she borrowed $140,000 from her bank. the house is now worth $16

vesna_86 [32]

Answer: PMI will automatically be dropped when the balance reaches $117,000.

Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.

PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.

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3 years ago

A permanent employee works in the same position for his or her entire career.

kompoz [17]

Answer:

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Explanation:

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3 years ago

A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to a

deff fn [24]

The answer that is being depicted above is red flag. This is a process or a way of having to provide reasonable explanation or to alert an individual when there is a problem that is present in means of having to let them know about it.

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3 years ago

A Machine makes 5 buttons at a time each doll shirt gets 5 buttons how many doll shirts can be finished with 5 buttons

Tems11 [23]

Answer:

Explanation:

If each doll shirt gets 5 buttons then only one can be finished with 5 buttons.

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3 years ago

Required-: JOURNAL ENTRY (ACCOUNT)

damaskus [11]

- Hey there , ronisha!

Answer:

$\large{ \tt{SEE \: THE \: ATTACHED \: PICTURE}}$

$\large{ \tt{E \: X \: P \: L \: A \: N \: A \: T \: I \: O \: N}} :$

Full settlement generally means DISCOUNT ALLOWED.

Firstly , Read out the question and try to understand. It says we purchased some stuffs of Rs 30000 from the sansee stores and we payed Rs 28000 in full settlement which implies that we received the discount of Rs 30000-28000 i.e Rs 2000.

You must have known the rules for debit and credit. As we know In case of personal account , Debit : The receiver , We have sansee stores as the receiver so we placed it in debit side.

Remember: When the question says that the cash is payed through cheque , you should always consider cheque as a bank. Now , In the case of personal account , Credit : The giver. Who's the giver? Of course , bank! So , we placed it in credit side.

Now , In case of nominal account , Credit : the incomes or gains . The question says we received the discount so obviously it's not expenses. So, We placed discount received in credit side. You must have studied that Every debit should have equal credit. And we're done!

- Hope this helps! Please let me know if you have any questions regarding my answer and also don't hesitate to reach out to me if you need any other help! :)

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2 years ago