Reference no: EM13999712
Use the following data to answer the next 5 questions.
A partially completed bank reconciliation for Dave Company at March 31, as well as additional data necessary to answer the questions, which follow.
DAVE COMPANY
Bank Reconciliation
March 31, 2008
Balance per books $10,000
Add: (1)
Deduct: (2)
Adjusted cash balance $
Balance per bank statement $6,970
Add: (3)
Deduct: (4)
Adjusted cash balance $
Additional information:
a. An NSF check of Martin Barry, one of Dave’s customers, was returned by the bank; amount was $1,000.
b. Bank service charge for March, 2008, $30.
c. Check no. 9 (for supplies) was written for $500 but erroneously recorded in Dave’ records as $400.
d. Deposits in transit at March 31, 2008, totaled $7,000.
e. Interest earned on the account, $100.
f. Note collected by the bank and credited to Dave’s account, $2,000.
g. Outstanding checks at March 31, 2008, totaled $3,000.
1. In Dave’s completed bank reconciliation at March 31, 2008, what dollar amount should be added to the balance per Dave’s records [indicated by (1) above]?
2. In Dave’s completed bank reconciliation at March 31, 2008, what dollar amount should be deducted from the balance per Dave’s records [indicated by (2) above]?
3. In Dave’ completed bank reconciliation at March 31, 2008, what dollar amount should be added to the balance per bank statement [indicated by (3) above]?
4. In Dave’s completed bank reconciliation at March 31, 2008, what dollar amount should be deducted from the balance per bank statement [indicated by (4) above]?
5. In Dave’s completed bank reconciliation at March 31, 2008, the adjusted cash balance would be:
|
Calculate the consumption-the consumers gross surplus
: The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
|
|
Data mining project
: The data set (wine.csv) is obtained from a chemical analysis of wines grown in the same region in Italy but derived from three different cultivars. The analysis determined the quantities of 13 chemical constituents found in each wine. Each data recor..
|
|
The supply function for the widget market
: Economists estimate that the supply function for the widget market is given by the following expression: q = 0.2 · π − 40 a. Calculate the demand and price at the market equilibrium if the demand is as defined in Problem 2.2. b. For this equilibrium,..
|
|
Use only r programming language
: If twenty-seven students are to be assigned to groups of three for each problem set, and no student can be assigned to the same group as a student whom he or she has previously worked with, how many problem sets can Dr Lee assign? Extend the function..
|
|
A partially completed bank reconciliation for dave company
: A partially completed bank reconciliation for Dave Company at March 31, as well as additional data necessary to answer the questions, which follow.
|
|
How do the utilitarians use gossen 3rd law
: How do the Utilitarians use Gossen's 3rd Law to resolve the 'Paradox of Value' aka 'the Water-Diamond paradox as posited by Adam Smith,no less than 400 words
|
|
Write an essay-choose one
: Refugees are known to experience high rates of mental illness whilst in detention and after settlement. Discuss the social and cultural factors that are associated with higher rates of mental illness, and identify one evidence?based strategy to addre..
|
|
Determine the maximum consumption of these consumers
: The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
|
|
What is the steady state level of employment
: Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
|