Business, 03.12.2019 03:31, sanociahnoel
Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 30%. then andy deposits $1,000 of cash into his checking account and the bank lends $600 to molly. that bank can lend an additional:
a) $100.
b) $800.
c) $900.
d) $300
Answers: 1
Business, 22.06.2019 03:30, levicorey846
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
Answers: 2
Business, 22.06.2019 14:10, ashtonbillups
Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity
Answers: 1
Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 30%. then andy de...
Mathematics, 27.11.2019 21:31