The following information is needed to reconcile the cash balance for Discount Dry Cleaning, Inc. A deposit of $ 5,600 is in transit. Outstanding checks total $ 1,500. The book balance is $ 6,100 on February 28, 2019. The bookkeeper recorded a $ 1,700 check as $ 17,300 in payment of the current month's rent. The bank balance on February 28, 2019, was $ 16,210. A deposit of $ 200 was credited by the bank for $ 2, 000. A customer's check for $ 3,100 was returned for non-sufficient funds. The bank service charge is $ 90. What was the adjusted book balance?

$18,510.

Explanation:

Book Balance                                               $6,100

Adjustments:

Add: Transposition Error                             15,600

Less: NSF                                                       3,100

Bank Service Charges                                       90

Adjusted Book Balance                            $18,510

Transposition Error - Company has understated its Cash Balance by recording 17,300 instead of 1,700. So, add the error to the Account.

NSF - Company has recorded a collection of receivable. But the bank termed the Check as "NSF" because of insufficient funds. So, deduct it from the Cash balance.

Deposit in-Transit and Outstanding Checks are already recorded in the Company's books of accounts. These transactions should be adjusted in the Bank Account.

answer; (a) conduct a worksite inspection;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.