This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following data were gathered to use in reconciling the bank account of Savannah Company: Balance ... (Read 89 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jul 5, 2018
The following data were gathered to use in reconciling the bank account of Savannah Company: Balance per bank 16,750 Balance per company records 16,125 Bank service charges 80 Deposit in transit 2,195 NSF check 950 Outstanding checks 3,850 What is the adjusted balance on the bank reconciliation?
 a. 14,470 b. 10,705
  c. 15,095 d. 15,720

Question 2

On January 1, 2011, Alpha Enterprise signed a 100,000, 6, 20-year mortgage note to buy a new warehouse. The mortgage will be repaid in a series of twenty equal annual installment payments.
 
  Over the 20-year period, as each installment payment is made, the portion of the payment that is interest expense will ________.
  A) increase
  B) decrease
  C) stay the same
  D) The answer cannot be determined from the information given.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

B


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Jul 5, 2018
Wow, this really help

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

A typical bank statement. A typical bank statement.
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
Acid–Base Balance Acid–Base Balance
Data management short answer q Data management short answer q
A hypothetical grid of data used in synteny testing A hypothetical grid of data used in synteny testing
Data for a Hypothetical Paternity Test Using 13 CODIS Genes Data for a Hypothetical Paternity Test Using 13 CODIS Genes
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library