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
Goshia [24]
3 years ago
10

If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit

at month end, and a check for $3,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is a) $29,400
b) $30,000
c) $30,600
d) $41,400
Business
1 answer:
barxatty [35]3 years ago
5 0

Answer:

The correct answer was supposed to be $36,000 which is not in the given choices.

Explanation:

correct balance in the bank account

= As per bank statement balance - outstanding checks  + deposit in transit  + check erroneously charged  

= $72,000 - $54,000 + $15,000 +  $3,000

= $36,000

You might be interested in
Which of the following caused a recession in the years immediately following World War II? A surge in investment spending. Pent-
morpeh [17]

Answer:

The answer is cutbacks in defense production

One of the main reasons of the recession which was immediate after the world war 2 was the government's inability to produce anything as most expense was carried out in the event of the war which decreased the gross domestic product making the economy to fall into recession.

3 0
2 years ago
Read 2 more answers
please subscribe my mom's channel those who subscribed my mom's channel I will mark as brainlylist,thnx and follow 101 % gaurant
Jobisdone [24]

Answer:

Explanation:

don't worry bro i have subscribed just now

7 0
3 years ago
State the accounting equation.
schepotkina [342]
Shareholders' Equity = Assets – Liabilities where the rearrangement reflects the residual claim of equity owners.
5 0
3 years ago
Investors are willing to purchase stocks having high P/E ratios because:
skelet666 [1.2K]

Answer:

D. They expect these shares to have greater growth opportunities.

Explanation: P/E(price to earning) ratio is a ratio used in the stocks and other marketable securities to determine the price of the shares of a particular Company in relationship with the annual net income of the company per share.

A HIGHER PRICE TO EARNING RATIO INDICATES THAT THE COMPANY INVOLVED IS EFFICIENTLY UTILIZING ITS RESOURCES IN ORDER TO GENERATE PROFIT,IT ALSO SHOWS THAT THEIR IS HIGH DEMAND FOR THE COMPANY'S SHARES BECAUSE INVESTORS TRUST IN THE COMPANY'S ABILITY TO GROW AND MAKE PROFIT.

4 0
2 years ago
MC Qu. 22 Selected information from the accounting... Selected information from the accounting records of Dunn's Auto Dealers is
dlinn [17]

Answer:

($23,000)

Explanation:

Cash flow from Investing Activities

Purchase of furniture                                       ($ 8,000)

Proceeds from sale of Equipment                    $5,000

Investment in other companies                     ($20,000)

Net Cash used by  Investing Activities          ($23,000)

Notes :

Cash flow from Investing activities section of the cash flows statement shows the cash movement in acquisition of assets and sale of assets.

4 0
3 years ago
Other questions:
  • Help would be appreciated please :)
    14·2 answers
  • If the type of departmentalization used by an organization tends to emphasize departmental units rather than the organization as
    8·1 answer
  • You own a big rental car company in Indianapolis and maintain a fleet of 50 SUVs. Customers make their rental car reservations u
    12·1 answer
  • Your campus computer store reported Sales Revenue of $168,000. The company's gross profit percentage was 60.0 percent. What amou
    13·1 answer
  • Which of the following best explains why a resident of Venezuela would wish to use U.S. currencies rather than currencies issued
    13·1 answer
  • Stevens Company's inventory on March 1 and the costs charged to Work in Process—Department B during March are as follows:
    10·1 answer
  • CHEGG At the beginning of Year 2, the Redd Company had the following balances in its accounts: Cash $ 6,900 Inventory 15,000 Lan
    8·1 answer
  • At Creighton Company, the following errors were discovered after the transactions had been journalized and posted.1. A collectio
    7·1 answer
  • Sloan Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,040. The freight
    11·1 answer
  • For investors, changes made to the tax code by the government are known as a form of:______.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!