On october 31, 2018, damon company’s general ledger shows a checking account balance of $8,409. the company’s cash receipts for the month total $74,400, of which $71,315 has been deposited in the bank. in addition, the company has written checks for $72,479, of which $71,054 has been processed by the bank.

the bank statement reveals an ending balance of $12,019 and includes the following items not yet recorded by damon: bank service fees of $190, note receivable collected by bank of $5,400, and interest earned on the account balance plus from the note of $520. after closer inspection, damon realizes that the bank incorrectly charged the company’s account $460 for an automatic withdrawal that should have been charged to another customer’s account. the bank agrees to the error.

1. prepare a bank reconciliation to calculate the correct ending balance of cash on october 31, 2018

damon compan
bank's cash balace company's cash balance
per bank statement - per general ledger
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bank balance per reconciliation - company balance per reconciliation -
# ex) bank error, checks outstanding, deposits outstanding, interest earned, note received, and service fees.

2. record the necessary entries to adjust the balance for cash. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?

The hawthorne works was a large western electric factory with 45,000 employees. during the 1920s and 1930s, hawthorne works was the site of some well-known industrial studies. in one of the studies, researchers investigated the impact of different working conditions on worker productivity. prior to the start of the study, researchers secretly measured workers' productivity for several weeks. then researchers chose two workers, who then chose their own teams. the teams were separated from the general workforce and completed their work in different experiment rooms where the researchers could observe them more easily. over a 5-year period researchers manipulated the structure of the workday for each team (number and duration of breaks and number of hours per shift). for each of these changes in working conditions, the researchers measured the effect on productivity. for some conditions, such as frequent short breaks, workers rebelled by intentionally decreasing productivity. why did the researchers secretly measure the workers' productivity before creating the two treatment groups? a, to create similar treatment groups so that a cause-and-effect relationship could be establishedb, to draw conclusions about the productivity of all workers in the plant based on the test groupsc, to directly control for confounding variablesd, to provide a baseline for measuring worker productivity

Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place. a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk