Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Answer:
A. $1,880
B. $2,040
C. $1,700
D. $1,600
Explanation:
A. Calculation to determine the deposits in transit at July 31
Deposit in transit at July 31 = $580 + $16,900 - $15,600
Deposit in transit at July 31 = $1,880
Therefore Deposit in transit at July 31 will be $1,880
B. Calculation to determine the outstanding checks at July 31
Outstanding check on July 31 = $940 + $17,500 - $16,400
Outstanding check on July 31 =$2,040
Therefore Outstanding check on July 31 wi be $2,040
C. Calculation to determine the deposits in transit at August 31
Deposit in transit on August 31 = $25,900 + $2,200 - $26,400
Deposits in transit at August 31= $1,700
Therefore Deposits in transit at August 31 will be $1,700
D. Calculation to determine the outstanding checks at August 31
Outstanding checks at August 31=$23,500+$2,100-$24,000
Outstanding checks at August 31=$1,600
Therefore Outstanding checks at August 31 will be $1,600
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.