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The balance on LMN's cash account at 31 December 20X6 is $108,000 (debit) On performing the monthly bank reconciliation the following is discovered.
* a payment of $2,000 made to a supplier has not yet appeared on the bank statement,
* an automated receipt from a customer for $5,000 has not yet been recorded in the cash book, and
* a pigment to a supplier of $1,500 was incorrectly recorded in the cash book as $1,050
The balance showing on the bank statement at 31 December 20X6 is
Suggested Answer: A
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10 comments · newest first
PA
Paris
12 months ago
I think the bank statement balance is $104,550!
CH
Chaya
1 year ago
Not sure about that $1,500 error, seems off.
FR
Frederica
1 year ago
So, we add $5,000 and subtract $2,000, right?
HO
Howard
1 year ago
Wait, did they really mess up a payment recording?
BA
Barabara
1 year ago
The cash account balance is $108,000.
OM
Omer
1 year ago
This looks like a tricky one. I'll make sure to double-check my work and consider any alternative solutions that might be possible. Gotta be careful on these exam questions.
AV
Avery
1 year ago
Okay, let's think this through. The code is uploaded and the cartridge is associated, so those bases are covered. I'd definitely check the Storefront site cartridge path and the Business Manager site cartridge path. Gotta make sure everything is wired up properly.
CO
Corinne
1 year ago
Hmm, I'm a bit confused about the difference between the no-reboot and reboot parameters. I'll need to make sure I understand how those impact the file system integrity before selecting an answer.
BE
Beata
1 year ago
Hmm, I'm a bit confused. I'm not sure if Cloud NAT is the right choice, or if one of the other options like Cloud Router or Cloud VPN might be better. I'll need to review the details of each service to decide.
CA
Carla
1 year ago
Remember the rule: FV = sum of each deposit × (1+i)^(20âˆ't), with t the year of the deposit.