Bentley company’s june 30 bank statement and june ledger account for cash are summarized below:
bank statement
checks deposits balance balance, june 1 $ 7,550
deposits during june $ 15,700 23,250
checks cleared during june $ 16,750 6,500
bank service charges 25 6,475 balance, june 30
6,475 cash (a) june 1 balance 7,550
june checks written 19,650 june deposits 19,000

required:

1. reconcile the bank account. a comparison of the checks written with the checks that have cleared the bank shows outstanding checks of $2,900. a deposit of $3,300 is in transit at the end of june.
2. prepare the journal entry that should be made as a result of the bank reconciliation.
3. what is the balance in the cash account after the reconciliation entries?
4. what is the total amount of cash that should be reported on the balance sheet at june 30?

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The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity