The Cash Book of A. Garcia showed a debit balance of $20 300as as of January 1, 2020. When the bank statement was received, the following differences were noted: (50 pts) 1. unpresented cheques of $400 and $320

2. bank charges on the bank statement that has not been entered in the cash book is $35

3. bank deposits not yet credited by the bank $450

4. a credit transfer of $1200 from C. Vidal was not entered in the Cash Book

5. A standing order for the insurance payment of $205 was not entered in the cash book.



A.)Using the information given, Revise the Cashbook and provide cash book balance. 25 pts



B.) Prepare a bank reconciliation statement. (use notes) 25 points

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. he expects these costs to rise about $1500 each year while he is in college. if it will take him 5 years to earn his bs, what is the present cost of his degree at an interest rate of 6%? if he earns and extra $10000 annually for 40 years, what is the present worth of his degree.?