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SOVA2 [1]
3 years ago
11

Olde Shoppe has the following information at August​ 31: times Two deposits made on August 31 were not on the bank​ statement, t

otaling​ $5,300. times The bank collected an EFT payment on a note receivable for $ 2 comma 830. Of this​ amount, $ 150 represented interest on the note. times August 31 balance in Cash was $ 11 comma 667. times The bookkeeper forgot to record check​ #1578 for $ 643 which was cashed by the bank on August 15th. times The balance on the bank statement as of August 31 was $ 10 comma 730. times A check printing service fee of $ 80 was shown on the bank statement. times A NSF check of $ 100. times Checks​ #1572, 1606, and​ 1548, totaling​ $2,356, were not shown on the bank​ statement, even though the company had sent the checks. What is the adjusted book balance at August​ 31?
Business
1 answer:
Reika [66]3 years ago
3 0

Answer:

The adjusted book balance at August​ 31 is $13,824

Explanation:

The computation of the book balance is shown below:

= Cash balance + EFT payment on a note receivable +  interest on the note - forgot to record check -  check printing service fee  - NSF check

= $11,667 + $2,830 + $150 - $643 - $80 - $100

= $13,824

The remaining transactions would be adjusted to bank balance

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quantity demanded equals quantity supplied

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Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.

When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

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