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
Karolina [17]
3 years ago
8

The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:

Business
1 answer:
Stels [109]3 years ago
5 0

Answer:

Cash account reconciliation

Balance: $27,060

- Bank charges: ($40)

+ Error in recording check: $360

Reconciled cash account: $27,380

Bank account reconciliation:

Balance: $28,460

+ Deposit in transit: $4,410

- Checks outstasnding: ($5,490)

Reconciled bank account: $27,380

You might be interested in
Use the following data to answer QuestionAccounts payable $30,000Accounts receivable 65,000Accrued liabilities 7,000Cash 20,000I
ra1l [238]

Answer:

Current (quick) assets: $195,000

Working capital: $138,000

Explanation:

We can find the correct answer by laying out the information appropriately:

Current Assets:

Accounts Receivable: $65,000

Cash: $20,000

Inventory: $72,000

Marketable securities: $36,000

Prepaid expenses: $2,000

Total: $195,000

Current Liabilities:

Accounts payable: $30,000

Accrued liabilities: $7,000

Notes payable (short-term): $20,000

Total: $57,000

Working capital = current assets - current liabilities

Working capital = $195,000 - $57,000

                           = $138,000

The following accounts mentioned in the question are non-current assets: intangible assets, long-term investments, and property, plant and equipment.

And long-term liabilities, as the name implies, is classified as a non-current liability.

3 0
3 years ago
Two goods are considered to be related goods by many buyers: if the price of one increases, buyers buy more of the other. This i
vovikov84 [41]

Answer: False.

Explanation:

False.

This indicates that the two goods are substitute goods, not the complementary goods.

In case of complementary goods, the price of one good is inversely related with the demand for other related good. For example, car and petrol; if the price of petrol increases as a result demand for cars decreases.

In case of substitute goods, the price of one good is directly related with the demand for other related good. For example, tea and coffee; if the price of coffee increases as a result demand for tea increases. So, there is a positive relationship between the price of one good and demand for the other good.

3 0
2 years ago
If a company pays an energy consultant just for a set period to complete a
Cloud [144]
This is true
........
8 0
2 years ago
Please subscribe to my mom channel please<br><br>I need 100 subscribe​​
Contact [7]
Ok i will subscribe too!!
8 0
3 years ago
Jesse wants my thoughts on how we can use prototyping for tims. she also wants me to prepare a system requirements document and
svp [43]

When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.

4 0
2 years ago
Other questions:
  • When problems arise, you may talk to your supervisor or use the company’s ___________. A. Employee benefits B. Litigation policy
    5·1 answer
  • A company found that an experienced surveyor can survey a roadbed in 33 hours. an apprentice surveyor needs 88 hours to survey t
    13·1 answer
  • Columbus Company owns 25% of Zanesville Inc. and accounts for the investment using the equity method. During the year, Zanesvill
    9·1 answer
  • Quiz during the class. Calculate the WACC which represents the "hurdle rate" for a typical project with average risk using midpo
    14·1 answer
  • Economists who believe in sound finance would say that in a recession, the government should:
    9·1 answer
  • Suppose the initial inflation rate and inflation target are both 2%, that the real federal funds rate is 2%, and that the econom
    5·1 answer
  • Natal Technologies is developing a superior ultrasound machine for which it is required to invest $800,000. Based on the company
    8·1 answer
  • Promotion involves telling customers about the right product available at the right place and _____.Multiple choice question.
    7·1 answer
  • According to the sarbanes-oxley act, who is responsible for the corporation's financial statements?
    12·1 answer
  • monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!