subject
Business, 27.06.2019 19:40 StupidFatChipmunk

On august 31, 2018, the general ledger of the dean acting academy shows a balance for cash of $7,904. cash receipts yet to be deposited into the checking account total $3,298, and checks written by the academy but not yet processed by the bank total $1,385. the company's balance of cash does not reflect a bank service fee of $31 and interest earned on the checking account of $42. these amounts are included in the balance of cash of $6,002 reported by the bank as of the end of august. required: 1. prepare a bank reconciliation to calculate the correct ending balance of cash on august 31, 2018. (amounts to be deducted should be indicated with a minus sign.) 2. record the necessary entry(ies) to adjust the balance for cash. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:40
Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.
Answers: 1
question
Business, 22.06.2019 16:30
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
question
Business, 23.06.2019 03:20
Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u.s. and the european automobile markets are 300 million and 533 million people, respectively.a. calculate the equilibrium number of firms in the u.s. and european automobile markets without trade.b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?
Answers: 1
question
Business, 23.06.2019 05:20
What is difference between fiscal year and tax year? explain in the simplest way.
Answers: 1
You know the right answer?
On august 31, 2018, the general ledger of the dean acting academy shows a balance for cash of $7,904...
Questions
question
Geography, 28.06.2019 05:30