Answer:
You can prepare a bank reconciliation by starting with the balance as per the company's books, and undoing all entries that were entered in the books but are not yet reflecting in the bank statement, and then adjusting for all entries that are in the bank statement that were not recorded in the company's books as you would have entered them if given the chance to record them as shown below:
Explanation:
Balance as per cash account 2,450
add back outstanding checks 1,800
less deposit in transit (400)
add receipt from Wayne Brown 530
less service charge (30)
Add interest earned <u> 20 </u>
Balance as per Bank Statement <u> 4,370 </u>
A savings account that pays interest every month is said to have a quarterly interest period.
<span>The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
Monoply
</span>
Answer:
Richard can deduct $1600 as real property tax during the current year.Only the tax amount paid by the mortgage company from the escrow account to taxing authority can be claimed as deduction.