Additional Information Check No. 5904 is correctly drawn for $2,090 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,060. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The credit memorandum (CM) is from the collection of a $1,500 note for Chavez Company by the bank. The bank deducted a $15 collection expense. The collection and expense are not yet recorded.
Answer:
Requirement: Prepare the September 2015 bank reconciliation for this company. Note: Missing table are attached as picture below
Adjusted Bank Balance
Bank statement balance $18,453.25
Add: Deposit in transit $1,682.75
$20,136
Less: Outstanding checks
CH #5893 $494.25
CH #5906 $982.30
CH #5908 $388.00 $1,864.55
Adjusted Bank Balance $18,271.45
Adjusted Book Balance
Books Balance $17,404.20
Add: Collect $1500 note, Less $15 $1,485
Interest earned $12.50
$18,901.70
Less: NSF Check $600.25
Error in entry in check #904 $30
Adjusted Book Balance $18,271.45
what is the importance of identifying target markets?
Answer:
Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential
Which business letter feature is found at the top of the page?
answer:
Letter head
Explanation:
typically has the companies logo at the top of the page
