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cupoosta [38]
3 years ago
10

The unadjusted book balance was $26,620. To this, we will add the $150 interest earnedand subtract the $810 book error in check

#1221 ($4,900 − $4,090) to determine the ending balance of $25,960. The unadjusted bank balance was $26,960. Add the deposits in transit of $3,000 and subtract the outstanding checks of $4,000 to determine the ending balance of $25,960. The company's bank reconciliation at June 30 included interest earned in the amount of $150.
Required:
Complete the necessary journal entry.
Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

Dr Cash 150

Cr Interest revenue 150

Explanation:

Preparation of the necessary journal entry

Based on the information given we were told that the company's bank reconciliation at the month of June 30 included interest earned in the amount of $150 which means that the necessary journal entry will be to Debit Cash with 150 and Credit interest revenue with 150

Dr Cash 150

Cr Interest revenue 150

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Car payments are determined using simple interest. If you don’t remember this formula, go back and look it up! To finance your v
aivan3 [116]

Answer:

Bank B for the car loan and Bank A for the savings account

Explanation:

The reason why this would be your answer is because when you are opening a savings account, you want to make sure that the interest is high. However, when you get a new car, you want to make sure that the interest is low. Bank B provides a low interest rate, while Bank A provides a high interest rate.

Why are the two the opposite? Here's the answer:

Why you should get a high interest rate for a savings account:

You should get a high interest rate for the savings account because the interest you have for the savings account is the money that the bank will give you, so it's pretty much free money that the bank is giving you for having your money saved in their bank. If you want to get more money from the bank because of your savings account, then you should find one with a high interest rate

6 0
3 years ago
Describe some of the actions taken by the monsanto corporation to control the seed industry:
koban [17]
<span>Some of the actions taken by the Monsanto Corporation to control the seed industry are: Purchasing of competing seed companies. Application of patents on Monsanto seeds. Forcing farmers to purchase new seed yearly instead of re-sowing existing seed. And lobbying for legislation in seed handling that favors Monsanto's processes.</span>
4 0
3 years ago
Read 2 more answers
EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich
Wittaler [7]

Answer:

Select the answer that best describes the strategies in this game.

  • Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

  • A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

                                                  Swiss Rails

                                     add train             do not add train

                                    $1,500 /             $2,000 /

           add train                     $4,000                $7,500

EuroRail

      do not add train    $4,000 /             $3,000 /

                                               $2,000                $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

7 0
3 years ago
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RoseWind [281]

Answer:

B)  574,000

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Eqcuals consolidated equipment of $574,000

8 0
3 years ago
Assume that baps corporation is considering the establishment of a subsidiary in norway. the initial investment required by the
jeka94
Check the attached file for the answer.

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3 years ago
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