1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yulyashka [42]
3 years ago
15

When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginni

ng balance, what should his correct balance be
Business
1 answer:
yulyashka [42]3 years ago
8 0

Incomplete question. The full question read;

Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.

When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?

Answer:

<u>$704.50</u>

Explanation:

First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.

Malcolm's credit transactions:

  • ATM receipt for an $80.00 deposit
  • paycheck deposit slip for $650.00

Total: <u>$730.</u>

Malcolm's debit transactions:

  • grocery store receipt for $25.50

Total: $25.50

Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).

You might be interested in
On an application, what is a positive way to present an honest picture of yourself?
JulijaS [17]
C. say that you resigned from a job
7 0
3 years ago
Read 2 more answers
Multinational market regions include countries that seek mutual economic benefit from____________. A. reducing cooperative agree
Mademuasel [1]

Answer: Option C

                                     

Explanation: In simple words, multinational market refers to the economic system in which different countries of the world trade with each other by decreasing the barriers and taxes so that booth countries could be benefited from the ongoing business.

Multinational market structures have resulted in drastic expansion ion business activities all around the world as the business firms can not target new markets which were earlier out of reach

Hence from the above we can conclude that the correct option is C.

8 0
3 years ago
Several south asian countries have experienced a shortfall in ________ births. in addition, a ________ of the children in chines
Andre45 [30]
Do u still need the answer
6 0
3 years ago
Environmental factors that can directly affect your business​
marysya [2.9K]

Answer:

Examples of environmental factors affecting business include:

Climate.

Climate change.

Weather.

Pollution.

Availability of non-renewable goods.

Explanation:

Hope it helps

4 0
3 years ago
On January 1, 2018, Bonita Corporation issued $5900000, 10-year, 9% bonds at 101. Interest is payable annually on January 1. The
GREYUIT [131]

Answer and Explanation:

The journal entry to record the issuance of the bond is shown below

On Jan 1, 2018

Cash (5,900,000 × 101%) $5,959,000

      Bonds Payable $5,900,000

      Premium on Bonds Payable $59,000

(Being the issuance of the bond is recorded)

Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable as it also increased the liabilities

3 0
3 years ago
Other questions:
  • If the marginal product of labor is increasing, the marginal cost of output must be
    14·1 answer
  • One characteristic of good business writing is that it:
    8·1 answer
  • The efficiency wage​ ______. A. is paid by firms who​ can't directly monitor the work effort of their employees B. is equal to t
    9·1 answer
  • The cost of overestimating demand is usually harder to determine than the cost of underestimating demand. Group of answer choice
    14·1 answer
  • A monetary stimulus is designed to shift the
    8·1 answer
  • The following information relates to Purcaro, Inc. (Be careful of order of the columns): For the Year Ended December 31, 2018 20
    7·1 answer
  • A way to build good credit is
    14·2 answers
  • Suppose recent regulatory reforms relating to credit rating agencies are perceived to improve the reliability and accuracy of cr
    9·1 answer
  • Suppose that Italy and Sweden both produce beer and olives. Italy's opportunity cost of producing a crate of olives is 5 barrels
    14·1 answer
  • Consider the wealth effect, interest rate effect, and international trade effect. Of these, the ________ effect is the most sign
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!