The bank statement for Tetra Company contained the following items: a bank service charge of $80; a credit memo for interest earned, $85; and a $190 NSF check from a customer. The company had outstanding checks of $450 and a deposit in transit of $1,000. Assuming that the unadjusted bank balance was $2,000, what is the unadjusted book balance?

adjus. Bal   book cash balance:   $ 2,735

Explanation:

we do reconciliation on the bank balance:

BANK

Balance                       2,000

Outstanding Check  -450

Deposit in transit         1,000  

Adjusted Balance        2,550

Now we reverse from the adjusted balance to get the unadjusted cash balance:

adjusted              2,550

Service Charge+80    *1

interest                  -85    *2

NSF                +190    *1

adjus. Bal              2,735

*1 ( in the reconciliation they decrease the unadjusted balance so, we reverse to positive)

*2 in the reconciliation the interest increase the unadjusted balance, the reverse will be a negavite impact.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

answer; descriptive statistics;