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Serga [27]
3 years ago
5

Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

s on June 30, its Cash account shows a debit balance of $67,209. Easton's June bank statement shows $63,949 on deposit in the bank. Determine the adjusted cash balance using the following information:
Deposit in transit $ 6,050
Outstanding checks $ 2,675
Check printing fee, not yet recorded by company $ 30
Interest earned on account, not yet recorded by the company $ 45
The adjusted cash balance should be:_______
Business
1 answer:
Citrus2011 [14]3 years ago
7 0

Answer:

See below

Explanation:

Given the above information, the adjusted cash balance should be;

Cash book balance

$67,209

Add:

Interest earned

$45

Less;

Bank fees

($30)

Adjusted cash book

$67,224

Bank balance

$63,949

Add:

Deposit in transit

$6,050

Less:

Outstanding checks

($2,675)

Adjusted bank balance

$67,324

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Answer:

True

Explanation:

Because prices for computers have fallen across manufacturers, while performance has improved at the same time, manufacturers are now trying to distinguish themselves through the use of green technologies and strategies, with the goal of obtaining the market share of customers who are worried about the enviroment, and about sustainability.

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3 years ago
A posthypnotic suggestion is made ________ a hypnosis session and intended to be carried out in the future when the subject is _
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7 0
3 years ago
You own a large company and would like to issue bonds for $12 million to pay for the construction of a new manufacturing facilit
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Answer:

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3 0
3 years ago
Total output of an economy can be divided into its alternative uses by considering who bought the output. when other countries p
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<h3>Gross Domestic Product</h3>

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6 0
2 years ago
Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate
PIT_PIT [208]

Answer:

the discount rate should be 10%

Explanation:

The computation of the discount rate should be given below:

The Amount of discount is is

= $50,000 - $48,750

= $ 1,250

The $1,250 should be for 90 days.

So for 360 days, it should be

= $1,250 × 4

= $5,000.

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Hence, the discount rate should be 10%

3 0
3 years ago
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