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 72 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!

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

The health history can be gathered from many sources The health history can be gathered from many sources
Effects of Estradiol and Testosterone on Interfemale Aggression in Rats (Based on data from van de P Effects of Estradiol and Testosterone on Interfemale Aggression in Rats (Based on data from van de P
Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ... Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ...
Energy Balance and Imbalances Energy Balance and Imbalances
Acid–Base Balance Acid–Base Balance
Gamete genotype frequencies calculated from genetic linkage data Gamete genotype frequencies calculated from genetic linkage data
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library