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3 years ago

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

Business

1 answer:

Andrej [43]3 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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3 years ago

pelase someone help me im in grade 9 intro to business i need this i have no clue and its due tonight

iren2701 [21]

Question:

Monthly BudgetAssignmentNancy and Shawn Miller are a newly married couple in their early 30s. They are currently renting a one-bedroom apartment in the city but would like to purchase a two-bedroom condominium within the next two years. Their combined gross annual income is $96 000. Each month, they pay $700 in wedding debt and $610 for student loans. Rent is $1200 and includes utilities. Their monthly transit passes cost $200. They spend $520 each month on groceries and an additional $275 for cable, Internet, and telephone. Approximately $250 is spent every month on clothing. They like to have about $350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs. They would like to save $15 000 over the next two years for a down payment. Create a monthly budget for Nancy and Shawn. Assume tax deductions of 30 percent

Explanation:

Gross Income- 96, 000

Deductibles- $700 (wedding debt) and TAX (30%)

Necessities

Rentxxx 12000 RENT

Debt $700 (wedding debt) and 610 (student loans)

Paymentsxxx

Student Loan Payments 610 (student loans)

xxxCable, Phonexx Internet, 275 (cable, internet etc)

xGroceries 520 (groceries)

xxxTransit Passesxxx 200 (transit)

Clothes 250 (clothing)

= TOTAL COST: 15,255 INCOME AFTER COSTS: 80,745

$350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs.

$15 000 over the next two years for a down payment

The total after paying for the above things, is 80,745. If they want 350 a week for leisure and 15000 for a down payment... they would have 65,395! :) Divide that by 12 months, and you would have 5,449!

HOPE THIS HELPS! :)

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