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Author Question: Indicate whether each of the following should be (A) added to the bank statement balance, (B) ... (Read 106 times)

WhattoUnderstand

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on: Jun 24, 2018
Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
 a. Outstanding checks
  b. Bank fee for printing checks
  c. Error in the check register: a deposit of 995 was recorded as 955
  d. Deposit which did not appear on the bank statement
  e. Service fees for ATM withdrawals

Question 2

The Blue Well Company earned 48,00 . last year. The capital stock of the company consists of 300,00 . of 7.5 preferred stock and 150,00 . of common stock. The directors declare a dividend of half of the entire earnings. Compute the total amount that will be paid to the holders of common stock.


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bdobbins

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B, D, C, A, D

Answer to Question 2

1,500


WhattoUnderstand

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Reply #2 on: Jun 24, 2018
Thank you :)


bdobbins

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Reply #3 on: Jun 24, 2018
Happy to help you


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