Answer:
$20,665
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
To reconcile the two balance moving from the bank statement balance to the cash account balance;
The amount of outstanding checks on Harris Company's June bank reconciliation is the net to amount of checks cleared and the total of checks written. This amount
= $4,948 + $41,405 - $25,688
= $20,665
The Company's customers of $348 was also returned marked "NSF is a part of the outstanding checks.
Answer:
I need points
Explanation:
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Since you gave no table,
her federal income in 14 % Rate = 14 % x 2,100
= $ 294
Her federal tax in 16 % Rate = 16 % x 2,100
= $ 336
Based on the number of bikes produced and the costs incurred, the cost per bike would be<u> $85 per bike. </u>
First find the total cost of producing all the bikes.
<h3>Total cost of production </h3>
= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
<h3>What is the cost per Bike?</h3>
= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
Find out more on cost per unit at brainly.com/question/23700866.
Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.