The following information pertains to a company's cash balance and bank reconciliation as of August 31: Company balance before reconciliation $ 5,000 Checks outstanding $ 2,500 Notes collected by the bank $ 2,200 Service fee $ 50 Deposits outstanding $ 2,000 What is the correct cash balance for the company?

With only a part-time job and the need for a professional wardrobe, rachel quickly maxed out her credit card the summer after graduation. with her first full-time paycheck in august, she vowed to pay $270 each month toward paying down her $8 comma 368 outstanding balance and not to use the card. the card has an annual interest rate of 18 percent. how long will it take rachel to pay for her wardrobe? should she shop for a new card? why or why not?