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 36 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
Gracias!

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Salt and water balance in water-breathers. Salt and water balance in water-breathers.
A typical bank statement. A typical bank statement.
The data link connector (DLC) can be located in various locations. The data link connector (DLC) can be located in various locations.
Data for Calculating Productivity Growth in Erewhon Data for Calculating Productivity Growth in Erewhon
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library