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
Novay_Z [31]
3 years ago
10

A company received a bank statement with a balance of $ 6 comma 300. Reconciling items included a bookkeeper error of $ 400long

dasha $ 400 check recorded as $ 600long dashtwo outstanding checks totaling $ 820​, a service charge of $ 22​, a deposit in transit of $ 260​, and interest revenue of $ 22. What is the adjusted bank​ balance?
Business
1 answer:
larisa [96]3 years ago
6 0

Answer:

Bank adjusted balance 5,720

Explanation:

6,300

-840 outstanding check

+260 deposit in ransit

5,720 bank adjustment balance

<em><u>Notes:</u></em>

  • the bookkepper error needs to be done on books cash account
  • the service charge are included in the bank statemnt, is at adjustment to the book cash
  • the interest revenue is also 22 an adjustment for the book cash account
You might be interested in
Which stage of the funding life cycle would be most closely associated with funding amounts below $50,000
ch4aika [34]

Answer: Pre-seed Funding Stage

Explanation:

The Pre-seed funding stage is described as the period in which start-ups are getting off with their operations from nothing or off the ground

The most common pre-series investors are:

Startup Owners

Friends and Family

Early Stage Venture Funds

The Pre-seed funding stage associates with funds between $10,000 to $100,000

5 0
3 years ago
How to get free products
mote1985 [20]
If there is something wrong with the product, or if there is something in it i.e bugs
3 0
3 years ago
Read 2 more answers
Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Inv
timama [110]

Available Options Are:

a) higher sensitivity to changes in the interest rate, or

b) lower sensitivity to changes in the interest rate

Answer:

Option A. Higher sensitivity to changes in the interest rate

Explanation:

The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.

8 0
3 years ago
Nancy has a portfolio of two stocks. Stock A has an expected return of 8% and stock B has an expected return of 10%. Her funds a
dedylja [7]

Answer:

b. 8.92%

Explanation:

Calculation for the portfolio expected return

Using this formula

Portfolio expected return = (Stock A allocated fund x Stock A expected return) + (Stock B allocated fund x Stock B expected return)

Let plug in the formula

Portfolio expected return= (54%*8%) + (46%*10%)

Portfolio expected return=0.0432+0.046

Portfolio expected return=0.0892*100

Portfolio expected return =8.92%

Therefore the portfolio expected return will be 8.92%

7 0
3 years ago
1. ) Which task is common to both restaurant and lodging workers, but not to recreation workers? PLEASE HELP ME ON MY FINAL ANYT
bija089 [108]
Totally d because if you read it 
8 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose the U.S offered a tax credit for firms that built new factories in the U.S. Then __________a The demand for loanable fun
    10·1 answer
  • ________ play an important role in efficiently making products available to target markets in the needed varieties and quantitie
    11·1 answer
  • HELP ASAP!! What process includes sending rough drafts to the client for approval?
    14·1 answer
  • King Waterbeds has an annual cash dividend policy that raises the dividend each year by 44​%. The most recent​ dividend, Div 0Di
    6·1 answer
  • A manufacturing company has a beginning finished goods inventory of $27,300, cost of goods manufactured of $57,500, and an endin
    15·1 answer
  • The social strata evident in a society is primarily derived from__________.a. government policy.
    7·1 answer
  • The presentation of current and non-current liabilities in the statement of financial position (balance sheet):
    6·1 answer
  • For the following year, show how the following amounts should be reported on the financial statements:
    5·1 answer
  • wyanot company issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $110 cash per share. the journal en
    9·1 answer
  • jim root company operates four bowling alleys. the business just received the ​, ​, bank statement from city national​ bank, and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!