Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).


Required:

Record the necessary entries to adjust the balance of cash.

Answers

Answer 1

Answer and Explanation:

The journal entries required to adjust the balance of cash as follows:

1. Cash Dr $1,128

       To Notes receivable  $1,100

       To Interest revenue $28

(Being the cash is recorded)

Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue

2. Service expense Dr $78

Account receivable Dr $280

      To cash $358

(being the cash paid is recorded)

here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets


Related Questions

Jocelyn gets a text alert from the bank that her account has dropped below $100 after a series of $20 ATM withdrawals. She has not used her ATM in over a week and wonders what she should do. What would you recommend?

Answers

Answer:

Look at her account to confirm the ATM withdrawals were her. If she did not make the withdrawals, she should immediately contact her bank by the most trusted way possible. Calling or going to the local branch during business hours may be best.

Explanation:

If the transactions were not made by Jocelyn and she does not have any other owners on the account it is possible that she is the victim or hackers or bank fraud. Contacting her bank notifies them that the transactions are not authorized and she will not be held accountable after the bank conducts an investigation into the transactions. The bank will then redeposit the lost funds back into her account.

What does SME stand for

Answers

Answer:

Subject Matter Expert and Small and Medium Enterprise

Explanation:

the abbreviation for "Subject Matter Expert"

and "Small and Medium Enterprise"

Answer:

small to medium-sized enterprise, a company with no more than 500 employees.

Explanation:

Zoowawa's nominal GDP rose by 6% between 2017 and 2018. If its inflation rate was 2.5%, by how much did its real GDP increase?

Answers

Answer:

3.5%.

Explanation:

Real GDP is understood to be that which arises from the difference between the economic growth (that is, of the GDP) of a country during a given period, and the inflation that occurred during that period. That is to say, inflation is subtracted from said economic growth.

Thus, since Zoowawa's nominal GDP grew by 6 percent, while inflation was 2.5 percent, the real GDP of that nation grew by 3.5 percent (6 - 2.5) during the mentioned period.

Fill in the customer satisfaction survey You go to your in-house database, which houses eCompeteUSA's domestic and international sales as well as revenue composition over the past 10 years. You examine this data and apply some statistical analysis in order to help decide where to go next. What should you present at the next meeting to put your investigation on the right path?a. Present the trends in the growth of the U.S. eSports market, because the majority of eCompeteUSA's sales are domestic.b. Present data on eCompeteUSA's current revenue streams, broken down by source with sales trend extrapolations.c. After further consideration, you decide to step back and work on defining the research problem.

Answers

Answer: After further consideration, you decide to step back and work on defining the research problem.

Explanation:

Based on the options given, the answer will be "After further consideration, you decide to step back and work on defining the research problem".

It should be noted that the research problem isn't stated and one doesn't really know what the person wants to do. Do the right thing is to work on the research problem first before doing any other thing.

You are assigned to work with two other classmates to complete a class assignment. One of the classmates is not completing their work. What are three ways that you could solve this problem


Please help me fast

Answers

Answer:

1. you could ask them if they understand what to do and if they need help.

2. you could tell the teacher that they are not doing the work

3. i dont know what else

whoever answers first will get brainliest! pls help

CPI and GDP deflator are both examples of which of the following?
1. price indexes, used to measure the rate of inflation
2. output indicators, used to calculate total production
3. unemployment aggregates, used to measure labor force
4. inequality measurements, used to calculate income inequality

thank you!

Answers

Answer:  1) Price indexes, used to measure the rate of inflation

=============================================================

Explanation:

CPI = consumer price index

The CPI is basically a value in which we use to see how the price of some certain goods are changing over time, which then helps us determine the average overall rate of inflation. Some inflation is good and it's actually encouraged (or sought after) but it's a good idea to keep that inflation in check. Deflationary pressure is a bad thing because it could lead to the economy shrinking, which means less output is made. In other words, if prices go down, then producers have less incentive to sell their goods/services, which puts downward pressure on economic output.

GDP deflator is a similar idea to the CPI, but it measures things in a different way. In all honesty, I'm not familiar with this term enough to explain it, but I'm sure you can probably find many resources elsewhere to help clear things up.

Answer:

...........................

An elementary school student brings her mother, Kathryn, in for parent career day. Kathryn discusses what she does on a daily basis in her career as a firefighter. She also tells the students that firefighting is a family tradition, because her father and brother are firefighters too.

What roles is Kathryn fulfilling while at the school?

Answers

Answer:

isnt it an elementary school student is her role?

Explanation:

Answer:

l

Explanation:

How is Earth's magnetic field generated? What evidence do we have that Earth has a magnetic field surrounding the planet?

Answers

Earths magnetic field is generated by the planet's core.

Our evidence is freaking gravity. Without the magnetic field we would all be flying out into space and have no oxygen.

-Ɽ3₮Ɽ0 Ⱬ3Ɽ0

Enter text- Apply A text Effect

Answers

This is not the app for this !!

What information do consumer reporting agencies provide banks and lending businesses for a person's credit history when a person applies for a loan?

Select all that apply. Thanks!

Employment

Email I.D. and password

Product preference

Bankruptcy history

Debt

Relationship history

Current and past loans

Answers

Employment, produce preference, current and past loans, bankruptcy histroy and debt

If in a specified year nominal gross domestic product grew by 11 percent and real gross domestic product grew by 4 percent, inflation for this year would be

Answers

Answer:

6.73%

Explanation:

(1 + nominal GDP) = (1 + Inflation) X (1 + real GDP)

(1.11) = (1 + Inflation) x 1.04

(1 + Inflation) = 1.11/1.04

(1 + Inflation) = 1.0673

inflation = 0.0673

inflation = 6.73%

Jill filed her taxes and found out that she owes an additional $1,500.
Unfortunately, she can't afford to pay that amount immediately. What options
does she have? What are the pros and cons of using these options?​

Answers

Answer:

Take out a loan from a bank don't borrow from family it could ruin your relationship with them

Explanation:

If you take a loan you might have to pay interest depends on the bank and the time you take to pay it back.

If you take a loan from a family member it depends on their financial situation if they have loads of money they might be patient but if they have not lots of money but still some money they might be annoyed on how long you take so my conclusion is take money from the bank.  

Write an argumentative essay for or against setting long-term goals to land a dream job.
PLEASE HELP QUICK AND PLEASE DONT ANSWER IF YOUR NOT GOING TO DO THE ESSAY

Answers

Answer:

YOU SHOUKD PURUSE YOUR DREAMS GIRLL

Explanation:

Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?

Answers

Answer:

External labor demand

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

External labor demand is the term which best describes the type and number of competitors' job openings when looking at supply and demand within human resources (HR).

Basically, an external labor demand gives a description of the number and type of employees that are required by a rival company in the same industry.

PLS HELP IF YOU CAN!! In the first year of your career you learn that to be promoted, you must demonstrate that you have the skills
for the next level of jobs; this requires skills you were not taught in school. What would be the best way to
demonstrate this?
O professional organizations
O finishing projects
O additional certification
O additional classes

Answers

Answer:

Although all of these are good ways to demonstrate skills the best would be to finish projects as it shows you are dedicated and you can put those skills into action with different tasks.

Explanation:

Finishing projects would be the best way to demonstrate skills you were not taught in school. Thus, option B is correct.

What is promotion?

A worker's position or placement inside a hierarchy is advanced by promotion. When you advance in your career, your employer gives you a rather more significant rank or position. For example, a manager may be promoted to senior manager in his company.

This usually means that the person will have more levels of responsibilities and decisions to be made in the organization.

As the person needs to get any type of promotion in the business, then that person needs to be finishing the projects that have been given to him, or her to make sure that the person appears to be professional. Therefore, option b is the correct option.

Learn more about promotion, here:

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PLS HELP!! Complete the following sentence.
Making sales is the primary mission of a sales___

Answers

Answer:

Salesman

Explanation:

A Salesman, also called a Sales Representative or Salesperson, sells products or services to businesses or consumers. - JH

Answer:

Salespeople's performance

Explanation:

i will complete your test if you need kindly contact with me

If tax rates decrease as income falls, the tax structure is​

Answers

Regressive taxes are those with tax rates that lower as income rises.

What are tax rates?

The term "tax rates" refers to a progressive tax rate system, in which the amount of tax owed rises as taxable income for an individual or company does.

Regressive taxes are those in which the average tax burden reduces as income increases. Middle- and high-income taxpayers bear a disproportionately large fraction of the tax burden, compared to low-income taxpayers, who bear a negligible amount.

Hence, the significance of the tax rates is aforementioned.

Learn more about on tax rates, here:

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Drag the tiles to the correct boxes to complete the pairs. Match the scenarios with terms related to financial aid.

Answers

Answer:

Financial Need - Josie created an FSA ID and completed a long application form online. The form asked for a lot of financial details about Josie and her family.

FAFSA - Kunal recently learned that he is going to receive a student loan. Now he needs to attend a session which he will learn how the loan process works, as well as his responsibilities.

Entrance Counseling - Megan is planning to pursue an undergraduate degree in chemistry. But since her father lost his job five years ago, the family had been unable to save up enough for Megan's education.

Due Jan 1
What does this quote mean to you?
"There is no end to education. It is not that you read a
book, pass an examination, and finish with education.
The whole of life, from the moment you are born to
the moment you die, is a process of learning." Jiddu
Krishmamurti
100 points
O class comments
Your answer (visible to other students)

Answers

Answer:

This quote means we keep learning and never stopping. The only time we stop learning is when we die. But till then, we must continue learning n improving our knowledge

What are some of the advantages of incorporating?

A. Incorporation makes a business more likely to succeed.
B. All businesses are required by law to incorporate.
C. Business owners are protected from liability and lawsuits.
D. Incorporation is the least expensive business structure.

Answers

Some advantages of incorporating are that the business owners are protected from liability and lawsuits.

What is a liability?

Any dues that are mandatory to be paid off are known as the liabilities of a business. In simple words, the debt that one owes to others is known as the liability.

Incorporation of a business firm is one of the best ways to protect the business owners from use of their personal assets as a way of repayment of the liabilities.

Incorporating also helps the owners to not be sued in their personal capacity, as any disputes of the business are sued in the name of the business.

Hence, option C holds true regarding a liability.

Learn more about liabilities here:

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Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products to build on a ________.


product platform


product dais


product pulpit


product foundation


product template

Answers

Answer: product platform

Explanation:

Product platform is simply referred to as the common elements regarding the products of a company. When a new product is introduced into a particular market, the existing elements can be used.

Since Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products, the product platform is attributable here.

ryan 's overtime is figured on a 40 hour week. last week he worked 51 hours. this week he worked 9 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, and 8 hours on Friday. how many overtime hours did he work during the two week period?

Answers

Last week 51-40=11 hours
This week 9+8+10+9+8=44-40=4 hours
Ryan worked 15 hours of overtime during the two week period.

The number of _____ an employer has is typically related to the employer cost of providing insurance benefits.


vehicles

employees

computers

tools

Answers

Answer:

The answer is Employees

Explanation:

Employees

Which cable news network produces the most straight reporting?

A. MSNBC

B. ESPN

C. CNN

D. FOX

Answers

Answer:

C.

Have a good morning✨

Answer:

A

Explanation:

Which of the following is true of debit cards?

A. They are the same as credit cards.

B. They must be connected to a credit card.

C. They draw directly from a checking account.

D. You must have a savings account to get a debit card.

Answers

Answer:

D

Explanation:

Debit Cards draw directly from a checking account.

Debits cards are cards issued by a bank to an account holder and enables him/her to withdraw money at any period of time.

Debit cards are issued in connection with Checking account. That is, an individual must have a checking account before the bank will issues him/her a debit card for performing transactions.

There is a difference between checking and savings accounts. Checking accounts are use for accessing one's money for daily use while tee savings accounts are basically used for saving money.

In conclusion, checking account enables bank to issue a debit card to the account holder.

Learn more about Debit card here

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You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today?

Answers

Answer:

$ 43,135.67

Explanation:

The amount required today is the present value of the future expected amount in 11 years computed using the present value formula below:

PV=FV/(1+r)^n*m

PV=the unknown present value

FV=$76,000

r=monthly interest rate=0.43%

n=number of years=11

m=number of months in 1 year=12

PV=$76,000/(1+0.43%)^(11*12)

PV=$76,000/(1+0.43%)^132

PV=$76,000/1.761883042

PV=$ 43,135.67  

Which of the following is the correct way to calculate real GDP?
a.
Divide constant GDP by the implicit GDP price deflator and then multiply by 100.
b.
Divide current GDP by the implicit GDP price deflator and then multiply by 100.
c.
Multiply current GDP by the implicit GDP price deflator.
d.
Multiply constant GDP by the implicit GDP price deflator.

Answers

Answer: b. Divide current GDP by the implicit GDP price deflator and then multiply by 100.

Explanation:

The Real GDP is preferred when it comes to measuring economic growth because it measures GDP independently of inflation unlike the Nominal GDP which is inflated by the higher prices brought upon by inflation.

To deflate the Nominal GDP to a Real one, there are several methods and one of them is to divide the Nominal GDP by a price deflator and then multiplying the result by 100. The result will show if indeed the economy has grown without the bothersome effect of inflation.

(is, are) there no ticket left for us?​

Answers

Address is the correct answer

The coursework taken at a _____ is focused on specific career skills and trades and does not generally require further academic studies.


vocational school

private school

university

college

Answers

Vocational school is the answer

Answer:

Vocational school

Explanation:

Edge 2021

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. As an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. Using the midpoint method, the price elasticity of demand for soybeans between the prices of $15 and $9 per bushel is , which means demand is between these two points. Therefore, you would tell the grower that his claim is , because total revenue will as a result of the technological advancement.

Answers

Answer:

0.67

inelastic

incorrect

Explanation:

Midpoint method is used by economists to identify the price elasticity. In this method the percentage change in quantity demanded is divided by percentage change in price. In the given scenario the price elasticity of bushel is 0.67 which determines that the change in quantity demanded will be due to change in price. The demand is inelastic therefore the claim of farmers is incorrect.

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