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irinina [24]
2 years ago
6

Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check registe

r, her balance is $869.96, but the bank statement she just received says her balance is $1054.13. If the four checks were for $175.17, $175.35, $184.17, and $184.35, the check for which amount has not yet cleared?
A. $175.35
B. $184.17
C. $175.17
D. $184.35
Business
1 answer:
Rzqust [24]2 years ago
5 0
It looks tricky but its actually simple. Bank statement shows balance is $1054.13 while Bess check register shows $869.96. For us to know the amount of the check that was not approved is to get the difference of the bank statement and Bess check register. $1054.13 minus 869.96 is $184.17. Therefore, the answer is letter B.
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2 years ago
Collin has extracted the following balances from the ledger accounts for his business: (All amounts in $) Plant and machinery 95
zaharov [31]

Answer:

Carriage outwards: 7,520 debit

Explanation:

Accounts                         DEBIT     CREDIT

Plant and machinery 95,000

Property                   135,000

Inventory                      6,400

Receivables                2,850

Payables                                           3,600

Bank overdraft                                     970

Loan                                                45,000

Capital                                            100,000

Drawings                 32,000

Sales                                             362,000

Carriage outwards               x

Purchases                156,000

Purchase returns                               2,200

Discounts received                            3,500

<u>Sundry expenses      82,500                          </u>

TOTAL                     509,750           517,270‬

We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:

517,270 - 509,750 = 7,520

3 0
2 years ago
A company purchased a tract of land for its natural resources at a cost of $1,000,000. It expects to harvest 5,000,000 board fee
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Answer:

The correct answer is $0.16.

Explanation:

According to the scenario, the given data are as follows:

Total cost = $1,000,000

Total units = 5,000,000

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So, we can calculate the depletion expense per board foot by using following formula:

Depletion expense = ( Total cost - Salvage value) ÷ Total Units

By putting the value, we get

Depletion expense = ( $1,000,000 - $200,000) ÷ 5,000,000

= $0.16

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