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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
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6 0
3 years ago
Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60
Effectus [21]

Answer:

Net accounts receivable Before $18,600 and  After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off  

Accounts Receivable = $19,600  

and Allowance for doubtful debt = $1,000

so Net accounts receivable =  $19,600 - $1,000 =  $18,600

so

Journal Entry for write off is here    

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is    

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500  

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and  After $18,600

6 0
3 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
GaryK [48]

Answer:

Option 1 and 2

Explanation:

Complete Question

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?

CHECK ALL THAT APPLY.

  1. High school athletes stop shopping there.
  2. The inventory of sports socks goes unsold.
  3. Publicity for the store declines.
  4. Profits decline because dress shoes cost less than sneakers

Solution

Sole Sister Shoe Store chooses to sell dress shoes over sneakers because  the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence  Sole Sister Shoe Store started selling dress shoes

Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes

7 0
2 years ago
Complaints about Microsoft’s Xbox video game consoles began immediately after its introduction. These complaints ranged from mis
Alex73 [517]

Answer:

Quality goal

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Quality goals are objectives/targets of improvement in quality of the product produced or services rendered. Example of quality goals includes: reducing the number of defects, comparing quality of product or services to other competitors in the market, increasing durability, improving customer's experience and satisfaction, addressing data quality and process quality and so on.

In trying to solve the complaints problem, Microsoft needs to engage in a more rigorous QUALITY goal in order to improve the quality of the product.

3 0
3 years ago
If a society wants to get the most out of the available resources, money should be spent on pollution control​ (A)​ until pollut
Ksju [112]

Answer: Option C  

           

Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.

In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

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5 0
3 years ago
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