The balance in happ inc.’s general ledger cash account was $71,580 at september 30, before reconciliation. the september 30 balance shown in the bank statement was $63,780. reconciling items included deposits in transit, $6,200; bank service charges, $120; nsf check written by a customer and returned with the bank statement, $2,850; outstanding checks, $1,280; and interest credited to the account during september but not recorded on the company’s books, $90.

prepare a bank reconciliation as of september 30 for happ inc.

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The preparation of the  bank reconciliation statement on September 30  is presented in the spreadsheet. Kindly find the attachment below:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi