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beks73 [17]
2 years ago
13

The August 31 balance shown on the bank statement is $9,813.

Business
1 answer:
Andrej [43]2 years ago
7 0

Answer:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

Explanation:

Preparation of a bank reconciliation as of August 31

Balance per bank on August 31 $9,813

Add Deposit in transit $1,263

Less Outstanding checks ($1,877)

Adjusted Balance per bank $9,199

Balance per books on August 31 $9,371

Add Interest earned $116

Less Bank charge ($35)

Less Error in Books ($253)

($626-$373)

Adjusted Balance per books $9,199

Therefore the bank reconciliation as of August 31 will be:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

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Aaron, a team leader, encourages his team members to share their efficient work practices. He then ensures that his team is acco
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C. Motivator

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We motivates the team to work harder so that they play better. If they don't work hard, they won't play hard.

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3 years ago
uppose that the resource base in Country X can produce either 100 units of alpha or 300 units of beta. Similarly, suppose that C
anastassius [24]

Answer:

y

beta

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

Opportunity cost of country X in producing alpha = 300 / 100 = 3 units of beta

Opportunity cost of country Y in producing alpha = 200 /100 = 2 units of beta

Y has a comparative advantage in the production of alpha

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Opportunity cost of country Y in producing beta = 100/200 = 0.5

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alpha 3 2

7 0
2 years ago
​Connecticut, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the compar
11111nata11111 [884]

Answer:

Net cash used by investing activities  -$16,000

Explanation:

The computation of the amount of net cash provided or used by investing activities is shown below:

Equipment purchase for cash            -$66,000  

Proceeds from the sale of equipment $50,000  

Net cash used by investing activities  -$16,000

The purchase is a cash outflow so it is in negative sign while the sale is cash inflow so it is to be shown in a positive sign

6 0
3 years ago
g Hondae Inc. purchased equipment on January 1, 2018, at a cost of $320,000. The company estimated a $8,000 salvage value and th
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Answer:

Honda Inc.

Journal

To correct the error:

Debit Retained Earnings $21,600

Credit Accumulated Depreciation $21,600

To record the correction of depreciation error.

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Debit Depreciation Expense $31,200

Credit Accumulated Depreciation $31,200

To record the depreciation expense for the year.

Explanation:

a) Data and Calculations:

January 1, 2018 Purchase of Equipment at a cost = $320,000

Estimated salvage value = $8,000

Recorded salvage value = $80,000

Estimated useful life = 10 years

Annual depreciation expense based on recorded salvage value = ($320,000 - 80,000)/10 = $24,000

Accumulated depreciation for 3 years (2018 to 2020) = $72,000 ($24,000 * 3 years)

Correct annual depreciation expense = ($320,000 - 8,000)/10 = $31,200

This means that depreciation expense was being understated annually by $7,200 ($31,200 - $24,000).

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2 years ago
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