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exis [7]
3 years ago
6

The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:

Business
1 answer:
nydimaria [60]3 years ago
6 0

Answer:

$27,909

Explanation:

Bellows Corp.

Bank Reconciliation as at April 30, 2013

Unadjusted book balance $28,750

Less:

Outstanding checks $900

NSF checks $381

Add:

Interest earned on checking account $80

Error correction[$730 - $370] $360

Adjusted book balance $27,909

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Ervin Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a p
bixtya [17]

Answer:

$90,000

Explanation:

Given data

Net credit sales = $6,000,000

The estimated bad debt percentage is 1.50%

Credit balance in  allowance for uncollectible accounts = $42,000

Adjusted balance = $40,000

The computation of the bad debt expense is shown below:

= Net credit sales × estimated bad debt percentage

= $6,000,000 × 1.50%

= $90,000

By multiplying the net credit sales with the estimated bad debt percentage we get the bad debt expense and the same is applied in the above calculation

6 0
3 years ago
Which of the following selections effectively use the "you" view.
-Dominant- [34]

Answer:

  • B. Thank you for your letter regarding your CRB2 home entertainment center.
  • D. You are invited to take advantage of our professional development workshops.

Explanation:

The ''you'' view refers to a style of writing where the sender intends to make sure that the focus is on the person receiving the correspondence.

By using the ''you'' view, the receiver becomes the subject of the correspondence such that the text and its contents and are directed at the receiver.

The correct options would be B and D because the options were directed strictly to the receiver and no one else.

4 0
3 years ago
Firms raise capital at the total corporate level by retaining earnings and by obtaining funds in the capital markets. They then
Andrew [12]

Answer:

The given statement is True

Explanation:

A firm can easily raise its capital either by retaining funds of profits or by receiving funds from the outer market and then such collected funds are invested by firms in the various projects which are capital projects. The risk factor in both may vary that is in divisions and the different projects that are within the divisions. Thus, conceptually it is correct

6 0
3 years ago
Hi i need help plz its
nadezda [96]

Answer:

You forgot to add the screen shot!

Explanation:

Hope this helps!

8 0
3 years ago
Read 2 more answers
Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$14​, a second lawn for ​$18
UNO [17]
$30 is consumer surplus
I am assuming your typo is actually $33
6 0
3 years ago
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