The following is the summary of a cash book as presented by S. Shore Ltd for the month of December 2020.
Receipts
8,000
Balance b/f
4,000
Balance c/d
8,000
Payments
12,000
16,000
16,000
On investigation you discovered:
1.
Payment for sundry expense of $70 was mistakenly recorded twice in the cash book
2. All dividends totaling $310 received are credited directly in the bank statement, however, no
entry was made in the cash book.
3. A $200 Cheque drawn for payment to F. Lowe was incorrectly recorded in the cash book as
$2,000.
4. Cheque 1027654 for $1,400 was received, and erroneously recorded on the credit side of the
cash book as $140.
What is the adjusted cash book balance?

24 years, i believe is the correct answer.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer/// real gdp decreases to y3 and the price level falls to p3;