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Andreas93 [3]
3 years ago
6

After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p

e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits
Business
1 answer:
Taya2010 [7]3 years ago
8 0

Answer:

A

Explanation:

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal,<em> businesses need to prepare journal entries </em>for the adjustments to the balance per books.

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Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the
Triss [41]

Answer:

ATTACHED file with the bonds schedule

Explanation:

First, we solve for the proceed from the issuance:

PV of the coupon:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 25,000.000 (500,000 x 10%/2)

time 7 (3 and a half year x 2 payment per year)

rate 0.06 (12% annual / 2)

25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\

PV $139,559.5360

PV of maturity:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   500,000.00

time   7.00

rate  0.06

\frac{500000}{(1 + 0.06)^{7} } = PV  

PV   332,528.56

PV c $139,559.5360

PV m  $332,528.5568

Total $472,088.0928

Then we construct the bonds schedule as follows:

procceds 472,088

face value 500,000

discount on bonds payable -27,912

bond rate 0.05

market rate 0.06

ionterest expense: carrying value times market rate:

472,088 x 0.06 = 28,325.29

cash outlay          25,000

amortization          3,325.29

carrying value after first payment:

472,088 + 3,325.29 = 475,413.29

and the process repeat for all periods.

3 0
3 years ago
Manual pipetting creates a musculoskeletal load on the neck, shoulders, and upper limbs. Which types of injuries can this lead t
OverLord2011 [107]
 <span>Manual pipetting creates a musculoskeletal load on the neck, shoulders, and upper limbs and the type of injuries that this can lead to is called REPETITIVE STRESS INJURIES. Hope this is the answer that you are looking for. Have a great day ahead!</span>
7 0
3 years ago
Read 2 more answers
When building a new residential development or mall, a national real estate organization typically does not remove many trees, b
Musya8 [376]

Answer:

The answer is: Corporate environmental responsibility

Explanation:

Corporate Environmental Responsibility (CER) is usually a part of Corporate Social Responsibility (CSR). It deals with environmental aspects of the corporation´s activities or operations such as:

  • Reduce or eliminate waste or emissions.
  • Maximize efficiency and productivity of the resources the corporation uses.
  • Reduce or eliminate the operations and activities that affect the environment on a negative way.
  • Recycling materials and obsolete assets.
  • Etc.

In this specific question, the real estate organization is reducing its negative impact on the land by preserving trees.

6 0
3 years ago
Horton Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,500. The m
Ganezh [65]

Answer:

$479,500

Explanation:

To determine the interest due for the first payment we can solve the following:

interest due on payment 1 = total debt x interest rate x 1/12 = $480,000 x 10% x 1/12 = $4,000

Now we need to subtract the interest due from the first payment:

principal paid = payment - interest due = $4,500 - $4,000 = $500

remaining principal = $480,000 - $500 =  $479,500

8 0
3 years ago
Whats the number to 911?
neonofarm [45]

i dont know, it could really be any thing tbh

8 0
2 years ago
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