Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an adjustment for a deposit, in transit, of $1,500, outstanding checks of $2,000, a NSF check of $700, bank service charges of $30, and the EFT from a customer, in payment of the customer's account, of $1,500. Use the information above to answer the following questions.
What is the up-to-date ending Cash balance?
a. $18,000
b. $17,230
c. $19,000
d. $19,270
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A visual of a map color-coded to indicate states' rates of consumer debt is an example of a. a flowchart. b. a bar graph. c. a pie chart. d. a cosmograph.
Answers (1)
In year one adam earns $1000 and saves $100. In year 2, Adam gets a $500 raise so that he earns a total of $1,500. Out of that $1,500 he saves $200. What is Adam's MPC out of his $500 raise? a. 0.50 b. 0.75 c. 0.80 d. 1.00
Answers (1)
Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe), which trades at $31.40? (round your answer to 2 decimal places.)
Answers (1)
You are the head of the federal agency ultimately responsible for deciding if exon-skipping drugs are approved for use. who do you work for?
Answers (1)
What is a dividend in business?
Answers (1)
New Questions in Business
Which of the following is a record of a transaction that already happened and was paid for? A. an invoice B. A bill C. A receipt D. A receivable
Answers (2)
A company purchased a two-year fire insurance policy on May 1, 2012. It paid the $2,400 premium in cash on the same date and recorded the entry with a debit to Prepaid Insurance for $2,400.
Answers (1)
Market segments that can be effectively reached and served are said to be
Answers (1)
9. An expenditures incurred on factors of production A, cost B, input C, fixed input D, variable input
Answers (1)
Evan has a Bachelor's degree in ethics and human resources, and he has extensive experience working with employees and managers regarding ethics, especially in the area of ethical dilemmas.
Answers (1)