Refer to the following bank reconciliation
Bank Book
Balance, June 30, 2017 $11,240 Balance, June 30, 2017 $10,200
Add: Add:
Deposit in transit 3,110 Note collected by bank 2,100
Interest revenue 55
Less: Less:
Outstanding checks #506 1,200 NSF check 85
Outstanding checks #510 900 Bank service charge 20
________ ________
Adjusted balance, Adjusted balance,
June 30, 2017 $12,250 June 30, 2017 $12,250
Journalize the adjusting entry for the fourth reconciling item: Bank service charge.
What will be an ideal response
Bank Expense 20
Cash 20
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The Gadget Company manufactures a wrist watch for spy agencies. The watch has a built-in cell phone, Geiger counter, compass, magnet and garroting wire. Forecasted sales are shown on the top row of the table
Forecasted cash inflows and outflows are also shown in the table. The cash balance at the end of May is $30,000. What is the cash balance at the end of June? Sales Forecast Cash Budget The Gadget Company April May June Sales forecast $30,000 $30,000 $30,000 Total Cash inflows $30,000 $30,000 $30,000 Total Cash Outflows $13,750 $13,750 $13,750 Net cash flow Beginning Cash Balance Plus: Net Cash Flows Ending Cash Balance $30,000 A) $36,750 B) $42,250 C) $46,250 D) $46,750 E) $50,000
The speed of cars passing through a check point follows a normal distribution with a mean of 45 miles per hour and a standard deviation of 6 miles per hour. What is the probability that the next car passing will be exceeding 51 miles per hour?
A) 0.9854 B) 0.8413 C) 0.7967 D) 0.1587