Resort to analyze its current financial situation

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Reference no: EM131924663

The World Bank forecasts growth of world trade to be 12.00%, up from 17.50% in 2014. This change has caused Galapagos Islands Resort to analyze its current financial situation, beginning with reconciling its accounts. Galapagos Islands Resort received its bank statement showing a balance of $9,793.00. Its checkbook balance is $15,656.00. Deposits in transit are $4,048.00 and $6,747.00. There is a service charge of $46.00 and interest earned of $4.00. Notes collected total $2,310.00. Outstanding checks are No. 1021 for $1,749.00 and No. 1022 for $915.00. All numbers are in U.S. dollars.

Reference no: EM131924663

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