A student's bank statement reflects $1,600 at month end. The student's checkbook, before reconciling, reflects $1,500. The student has $5 of interest on the bank statement which has not been posted to his/her checkbook, deposits in transit of $100, and outstanding checks of $195. What is the reconciled bank balance?
a. $1,400
b. $1,520
c. $1,510
d. $1,505
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A student's bank statement reflects $1,600 at month end. The student's checkbook, before reconciling, reflects $1,500. The student has $5 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item. What was the cost of the item to Rhine? a. $580 b. $340 c. $200 d. $185 e. $120
Answers (1)
On July 4, Sheridan's Restaurant accepts a Visa card for a $450 dinner bill. Visa charges a 2% service fee. Prepare the entry on Sheridan's books related to the transaction. (Credit account titles are automatically indented when amount is entered.
Answers (1)
Over time the average rate of return on stocks is: A. less than 2% B. 3% C. 4% D. More than 5%
Answers (1)
Evaluate why the inflation-unemployment trade-off disappears in the long run.
Answers (1)
A monopolistically competitive firm chooses a. the quantity of output to produce, but the price of its output is determined by demand. b. the price, but competition in the market determines the quantity. c.
Answers (1)
New Questions in Business
An advantage of the prototype model in describing how we think about concepts is that
Answers (1)
Near the end of the eighteenth century, the dollar: a. was a nickname for the Spanish Peso. b. was more plentiful than any other coin. c. was customarily used to reckon accounts. d. All of the above are correct.
Answers (1)
The type of vertical marketing system that achieves coordination at successive stages of production and distribution by the size and influence of one channel member rather than through ownership is referred to as Multiple Choice a corporate vertical
Answers (1)
Lopez Sales Company had the following balances in its accounts on January 1, 2018: Cash$68,000 Merchandise Inventory 48,000 Land 108,000 Common Stock 88,000 Retained Earnings 136,000 Lopez experienced the following events during 2018: Sold
Answers (1)
Present value: tracy chapman is saving to buy a house in five years. she plans to put 20 percent down at that time, and she believes that she will need $35,000 for the down payment. if tracy can invest in a fund that pays 9.
Answers (1)