Donna lansbury company deposits all receipts and makes all payments by check. the following information is available from the cash records. june 30 bank reconciliation balance per bank $30,800 add: deposits in transit 6,776 deduct: outstanding checks (8,800 ) balance per books $28,776 month of july results per bank per books balance july 31 $38,060 $40,700 july deposits 19,800 25,564 july checks 17,600 13,640 july note collected (not included in july deposits) 6,600 july bank service charge 66 july nsf check from a customer, returned by the bank (recorded by bank as a charge) 1,474. prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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