if management chooses to place supplementary information required by the fasb or gasb in the notes attached to the financial statements, this information may be identified as
Answers
If management chooses to place supplementary information required by the fasb or gasb in the notes attached to the financial statements, it is typically identified as "disclosures" or "footnotes."
These notes provide additional context and detail about the financial statements, such as the company's accounting policies, significant accounting estimates, and contingent liabilities.
The purpose of including this information in the notes is to provide transparency and clarity for stakeholders who are interested in understanding the company's financial performance and position.
While the financial statements themselves provide a summary of the company's financial information, the notes offer more detailed information that may not be immediately apparent from the financial statements alone.
Overall, including required supplementary information in the notes attached to the financial statements is an important aspect of financial reporting that ensures transparency and accuracy in financial reporting.
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Related Questions
Imagine a product or service you are not happy with. Which of the following is NOT a step you should take to make a consumer complaint?
Select one:
a. be sure to identify the problem and a fair solution to solving
b. go to the store manager and threaten legal action
c. have back up material to substantiate your claim
Answers
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUmichelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Answers
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.Format wars, in the context of high-technology industries, refer to: a. battles to control the source of differentiation, and thus the value that such differentiation can create for the customer. b. the confusion among customers that arises as a result of several choices of formats for PCs and other gadgets. c. the price-based battles in the network of complementary products, which is a primary determinant of the demand for an industry's product. d. conflicts within an organization about which format to adopt for their products. e. price-based battles among companies producing similar products.
Answers
Answer:
Battles to control the source of differentiation, and thus the value that such differentiation can create for the customer
Explanation:
Technical standards
This is simply refered to as a group of distinction or specifications that producers conforms or simply follows when making a particular product, or a component of it.
Format
This is simply known as set of rules through which technology operates. It is stated that all technology have constraints, that is standards and advantage(pro's)/disadvantage(con's).
Format wars
This are fights to have access or control the source of change (differentiation) and the value that such change can bring for the customer
Dominant design
This is simply known as common set of features or design characteristics of a product.
Technology in industries is changing or revolutionizing aspects of the product even in those not usually considered high- tech
PERSONAL FINANCE
What is a deductible? (1 point)
O the maximum amount a policy will pay out in any one year
O the amount paid by the policyholder to the insurer on a regular basis for the policy
O the amount paid by the policyholder before the insurance policy starts paying on the claim
O the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
Answers
A deductible is the amount paid by the policy holder before the insurance policy starts paying on the claim.
What is Insurance?Insurance is a contract that allows a party to secure its asset from damage and the other party charges a premium and in return when the asset is damaged the amount of the asset is refunded or as directed in the contract.
Policy holder pays annual or monthly premiums which is also known as the deductible, after the payment of deductible the insurance company pays the policy holder as per the terms agreed in the contract.
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Answer: 1. a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
2. the amount paid by the policyholder to the insurer on a regular basis for the policy
3. the amount paid by the policyholder before the insurance policy starts paying on the claim
4. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
5. Medicare
Explanation: My quizlet name is Aron_Sonn so consider dropping by :)
The RMC Corporation blends three raw materials to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has the following quantities of each raw material: material 1, 20 tons; material 2, 5 tons; material 3, 21 tons. Management wants to achieve the following P1 priority level goals:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Assume there are no other goals.
Is it possible for management to achieve both P1 level goals given the constraints on the amounts of each material available?
Raw Material Amount needed to Achieve Both P1 Goal
Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. If you don't need the variable in the model, enter "0". If you need a negative number, enter minus sign with it. If necessary, enter the numbers as a common fraction.
Let x1 = the number of tons of fuel additive produced
x2 = the number of tons of solvent base produced
d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Answers
Answer:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Explanation:
To formulate the goal programming model, we need to set up the objective function and the constraints based on the given information. Let's define the decision variables and the deviation variables:
Decision variables:
Let x1 = the number of tons of fuel additive produced
Let x2 = the number of tons of solvent base produced
Deviation variables (amount by which the goals are exceeded or not met):
Let d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
Let d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
Let d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
Let d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Objective function:
Since both goals are equally important, we want to minimize the total deviations from the target values. The objective function is the sum of these deviations:
Minimize: Z = d1+ + d1- + d2+ + d2-
Constraints:
Material 1 constraint: The total material 1 used in producing fuel additive and solvent base cannot exceed the available 20 tons of material 1.
2/5 * x1 + 1/2 * x2 <= 20
Material 2 constraint: The total material 2 used in producing solvent base cannot exceed the available 5 tons of material 2.
1/5 * x2 <= 5
Material 3 constraint: The total material 3 used in producing fuel additive and solvent base cannot exceed the available 21 tons of material 3.
3/5 * x1 + 3/10 * x2 <= 21
Fuel additive production goal constraint: The fuel additive production should be at least 30 tons.
x1 + d1+ - d1- = 30
Solvent base production goal constraint: The solvent base production should be at least 15 tons.
x2 + d2+ - d2- = 15
Non-negativity constraints:
x1, x2, d1+, d1-, d2+, d2- >= 0
Now we have the complete goal programming model. The objective is to minimize the total deviations (d1+, d1-, d2+, d2-) from the target values while satisfying the material constraints and the production goals. The model can be solved using standard optimization techniques such as linear programming to find the optimal production mix.
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A common written method used internally and externally for formal communications such as notices of appointment,promotions or dismissal
A) electronic mail
B) NOTICES
C) letter
D) memorandum
Answers
The Stanley Soup Company has 125 full-time employees. The Happy Hot Dog Company has 45 full-time employees. Which of the following statements about these employers is true? (There may be more than one answer.)
Group of answer choices
Both businesses are large employers
The Happy Hot Dog Company must provide health insurance to its full-time employees, but the Stanley Soup Company does not
The Happy Hot Dog Company is more likely than the Stanley Soup Company to self-insure
None of the statements are true
Answers
The correct option is: "None of the statements are true."
The number of employees alone does not determine whether a business is considered a large employer or not. The classification of a large employer is based on specific criteria defined by the government or regulatory bodies, such as the number of employees and annual revenue.
Regarding the provision of health insurance, it is not accurate to assume that one company must provide health insurance while the other does not based solely on the number of employees. The requirement to provide health insurance may vary based on factors such as the company's size, location, and other legal obligations.
The statement about the Happy Hot Dog Company being more likely to self-insure is not supported by the information provided. Self-insurance is a decision made by a company to bear the risk of providing health benefits directly to its employees instead of purchasing insurance from an external provider. There is no information given to suggest that either company is more likely to self-insure.
Therefore, based on the information provided, none of the statements are true. The number of employees alone does not determine whether a business is considered a large employer, and the provision of health insurance and the likelihood of self-insurance cannot be determined solely based on the number of employees.
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a business goes to the trouble and expense of segmenting its markets when ______.
Answers
Answer:
it expexts that this will increase sales and profits
Explanation:
uppose Warner Music and UMG are in a duopoly and currently limit themselves to 10 new artists per year. One artist sells 2 million songs at $1.25 per song. However, each label is capable of signing 20 artists per year. If one label increases the number of artists to 20 and the other stays the same, the price per song drops to $0.75, and each artist sells 3 million songs. If both labels increase the number of artists to 20, the price per song drops to $0.30. and each artist sells 4 million songs. Fill in the revenue payoffs for each scenario in the table above. If this game is played once, each producer will sign artists, and the price of a song will be $ If this game is played every year, each producer will sign artists, and the price of a song will be $
Answers
It is one of the "big three" recording firms and the third-largest in the world's music market, after Sony Music Entertainment and Universal Music Group (UMG) (SME).
What is Warner Music?
The company's frontline record label family consists of Warner Records (Neil Young, NLE Choppa), Elektra Music Group (Tones & I, Panic! At The Disco), and Atlantic Records (home to Ed Sheeran, Cardi B, Bruno Mars, Twenty One Pilots, and many more).
The music publishing division of Warner Music Group, which is home to artists like Ed Sheeran, Cardi B, and Bruno Mars, announced greater fiscal fourth-quarter revenue and net income on Tuesday.
Elektra Records, Reprise Records, Warner Records, Parlophone Records (previously owned by EMI), and Atlantic Records are just a few of the biggest and most successful labels owned and run by the firm.
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hey hows everyone i need help with this
Answers
Answer:
thank you for the points..have a good day
I need help with this
Answers
Answer:
B. Someone new contributes money to the company, becoming an owner.
Explanation:
Common stocks or shares represent a portion of the company. Ownership of a share means owning a part of the company. Shares are also known as equity.
A company issues common stocks when it wants to raise additional capital. Anyone buying shares is contributing capital to the business. They become owners of the business or shareholders as popularly known. They are issued with share certificates and are entitled to dividends.
Scholars who focus on job and management functions in order to determine the best way to manage organizations are known as?
Answers
Scholars who focus on job and management functions in order to determine the best way to manage organizations are known as management theorists.
These theorists study various aspects of management, such as organizational structure, decision-making processes, and employee motivation, to develop theories and principles that can help organizations effectively manage their resources and achieve their goals.
Some well-known management theorists include Henri Fayol, who developed the theory of classical management, and Frederick Taylor, who proposed the principles of scientific management.
Management theorists often conduct research, analyze data, and create models to understand how different management practices can impact organizational performance. They aim to provide insights and recommendations that can improve organizational effectiveness and productivity.
By studying job and management functions, these scholars contribute to the ongoing development of management theories and practices. Their work helps organizations enhance their management approaches and adapt to the evolving challenges of the business environment.
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What is 'Tax Topic 152' and Does it Affect Your Tax Refund?
Answers
"Tax Topic 152" refers to a notice issued by the Internal Revenue Service (IRS) indicating that your tax refund may be delayed or reduced. This notice is issued when the IRS needs additional time to review your tax return, typically due to a discrepancy or question about the information you provided.
The purpose of Tax Topic 152 is to inform taxpayers that their tax refund may be delayed, and to provide information about what they can do to help resolve the issue and receive their full tax refund as soon as possible. In some cases, the IRS may reduce your tax refund if they find that you owe taxes or other debts to the government.
If you receive a Tax Topic 152 notice, it is important to take action as soon as possible. You may be asked to provide additional information or documentation to support the information on your tax return. If you do not respond to the notice or provide the requested information, your tax refund may be further delayed or reduced.
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When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answers
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
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when two companies form a joint venture and each company owns exactly 50% of the joint venture the:
a- cost method is used
b- equity method is used and line-by-line consolidatin is required
c- equity method is used and line-by-line consolidatin is not required
d- company that has more net assets is deemed that parent.
Answers
When two companies form a joint venture and each company owns exactly 50% of the joint venture, the equity method is used and line-by-line consolidation is not required.
This is because a joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or achieving a specific goal. It is an entity in its own right, separate from the two companies that formed it.
Under the equity method, the investor recognizes its share of the joint venture's net income or loss and records it as a single-line item on its income statement. The investor also records its share of the joint venture's net assets and liabilities on its balance sheet. However, the investor does not include the joint venture's individual assets and liabilities in its line-by-line consolidation because it does not have a controlling interest in the joint venture.
The cost method is used when an investor has less than 20% ownership in the investee and does not have significant influence over the investee's operations. The equity method is used when an investor has between 20% and 50% ownership in the investee and has significant influence over the investee's operations.
Line-by-line consolidation is required when an investor has a controlling interest in the investee, which is typically defined as ownership of more than 50% of the voting shares.
Therefore, the correct option is c- equity method is used and line-by-line consolidation is not required.
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which microbes is used to extract ethanol from fruit juice and sugar molasses ·
Answers
Answer:
Yeast
Explanation:
A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.
Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM’s defined benefit plan. Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2019. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2016, 2017, and 2018. What is the maximum benefit Alicia can receive in 2019?
Answers
Answer:
$225,000
Explanation:
Alicia's total benefits = (2% x 32 years) x [($570,000 + $600,000 + $630,000) / 3] = 64% x $600,000 = $384,000
but Alicia will not be able to receive the full amount in 2019 since the IRS limits the maximum annual compensation received from a defined benefit plan to $225,000 (for 2019, it increased to $230,000 for 2020 and 2021). So Alicia would only receive $225,000 during 2019.
2. How is a business plan like the outline of a paper?
Answers
barbara is using a test model of her firm's new inline skates to see if they work according to the design specifications. barbara is involved in
Answers
Barbara is involved in Alpha testing.
Before a product is made available to actual users or the general public, faults are found through a type of software testing called alpha testing. User acceptance testing includes alpha testing.
The only reason this is referred to as alpha testing is because it is carried out early on, close to the end of the programmed development.
Testing for user approval is alpha. Alpha testing is carried out after the product has gone through various phases of testing and has been made ready for release.
Alpha testing is the first step in determining whether a new product will function as anticipated.
Internal software QA and testing teams mostly perform this type of internal acceptance testing. Before release, internal teams conduct alpha testing at the developer's location.
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Someone help me with this please
Answers
Answer:
A. hom0zygous dominant
Explanation:
A capital letter is a dominant gene and two dominant genes would be hom0zygous
Answer:
C none of the above
[Sorry if I'm wrong but I'm pretty sure it's that one]
Explanation:
The answer should be genotype=the Gene's of an organism
Refer to the graph. Which area indicates a surplus?
(A)
(B)
(C)
(D)
Answers
Answer:
D
Explanation:
1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.
Answers
Answer:
I think C is the correct answer.
Attracting a new basic industry is important to a community, primarily because it.
Answers
Attracting a new basic industry is important to a community, primarily because it brings new jobs, increases the tax base, and stimulates economic growth.
A basic industry is one that exports its goods or services outside of the community, bringing new money into the area. This helps to create a multiplier effect, as the new jobs and income generated by the basic industry can lead to increased consumer spending, further economic growth, and more job opportunities in related industries.
Additionally, a thriving basic industry can attract other businesses to the community, creating a virtuous cycle of economic development. Overall, attracting a new basic industry can have a positive impact on the community's quality of life, providing residents with greater opportunities for employment and economic security.
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You have been saving for years and have saved $75,000 for a down payment for a house. You can afford a $3,800 mortgage payment every month. How much can you spend on a house if the APR, or stated, interest rate is 5.5% (compounded monthly) on a 25 year mortgage?
Answers
You can spend approximately $919,751.11 on a house while maintaining a $3,800 monthly mortgage payment and considering the APR of 5.5% compounded monthly on a 25-year mortgage.
To calculate how much you can spend on a house, taking into account your down payment and the monthly mortgage payment you can afford, we can use a mortgage affordability formula.
Given:
- Down payment: $75,000
- Monthly mortgage payment you can afford: $3,800
- APR (Annual Percentage Rate): 5.5% (compounded monthly)
- Mortgage term: 25 years
First, let's calculate the monthly interest rate based on the APR:
Monthly interest rate = (1 + Annual interest rate)^(1/12) - 1
Monthly interest rate = (1 + 0.055)^(1/12) - 1
Monthly interest rate = (1.055)^(1/12) - 1
Monthly interest rate = 0.004504
Next, we can calculate the loan amount you can afford using the monthly mortgage payment and the monthly interest rate:
Loan amount = Monthly payment / Monthly interest rate
Loan amount = $3,800 / 0.004504
Loan amount ≈ $844,751.11
Finally, to determine how much you can spend on a house, add the down payment to the loan amount:
House price = Down payment + Loan amount
House price = $75,000 + $844,751.11
House price ≈ $919,751.11
Therefore, based on the given information, you can spend approximately $919,751.11 on a house while maintaining a $3,800 monthly mortgage payment and considering the APR of 5.5% compounded monthly on a 25-year mortgage.
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Which of the following is true of brand personalities?
They are not as important as brands' names and logos
They are determined by consumers' perceptions, but influenced by the process of branding
They are determined by the process of branding, but influenced by consumers' perceptions
They are not developed until a brand is nationally known
Answers
Answer:
they are determined by consumer's perceptions, but influenced by the process of branding is answer.
Explanation:
I hope it's helpful!
explain house’s concept of charisma and identify five types of behaviors exhibited by charismatic leaders.
Answers
According to sociologist Max Weber, charisma is a concept used to describe a unique and extraordinary quality possessed by certain individuals that enables them to exert a strong influence over others.
Charismatic leaders are characterized by their exceptional personal qualities, their ability to inspire and motivate others, and their ability to create a sense of devotion and loyalty among their followers.
Five types of behaviors commonly exhibited by charismatic leaders are:
Inspirational Communication: Charismatic leaders have the ability to articulate a compelling vision and communicate it in a way that captivates and inspires their followers.
Self-Confidence: Charismatic leaders exude a high level of self-assurance and belief in their own abilities.
Empathy: Charismatic leaders demonstrate a genuine concern and understanding for the needs and emotions of their followers.
Visionary Thinking: Charismatic leaders possess a clear and compelling vision for the future..
Personal Magnetism: Charismatic leaders possess a magnetic and captivating personality that attracts others to them.
These behaviors collectively contribute to the charismatic leader's ability to rally others around their cause, create a strong sense of identity and purpose.
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a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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The checkbook balance on May 31 is $16,462.35
The Bank Statement shows an ending balance of $16,833.19
Deposits of $575 on May 29 and $1,075 on May 30 do NOT appear on the bank statement.
The bank statement shows a service charge of $20.00.
The following checks are outstanding:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73
in a journal
Answers
a) The journal entry to adjust the checkbook balance is as follows:
May 1 Debit Bank Charges $20
Credit Checkbook $20
b) The preparation of the Bank Reconciliation Statement is as follows:
Balance as per bank statement $16,833.19
Add Uncleared Deposits $1,650.00
Less Outstanding Checks $2,040.84
Balance as per adjusted checkbook $16,442.35
What is bank reconciliation?Bank reconciliation is an accounting process to bring the balance as per the bank statement to agree with the balance as per the checkbook.
The accounting process tries to identify discrepancies and accounting errors between these sets of records to correct and reconcile the differences.
Checkbook balance on May 31 = $16,462.35
Bank Statement balance on May 31 = $16,833.19
Uncleared Deposits:
May 29 $575
May 30 $1,075 $1,650
Outstanding Checks:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73 $2,040.84
Bank charges = $20.00
Checkbook Adjustment:Balance as per checkbook $16,462.35
Less Bank charges 20.00
Adjusted checkbook balance $16,442.35
Transaction Analysis for Journal:Bank Charges $20 Checkbook $20
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Question Completion:Journalize the adjusting entry for the checkbook balance and prepare the bank reconciliation statement.