The Following Information Is Needed to Reconcile the Cash Balance $\$ 5,800$

question 78

Essay

The following information is needed to reconcile the cash balance for Natural Landscaping Services.
*A deposit of $\$ 5,800$ is in transit.
*Outstanding checks total $\$ 1,500$ .
*The book balance is $\$ 6,800$ at February 28,2019 .
*The bookkeeper recorded a $\$ 1,740$ check as $\$ 17,400$ in payment of the current month's rent The bank balance at February 28, 2019 was $\$ 18,000$ .
*A deposit of $\$ 400$ was credited by the bank for $\$ 4,000$
*A customer's check for $\$ 3,700$ was returned for nonsufficient funds.
*The bank service charge is $\$ 60$ .
Based on this information,prepare a bank reconciliation for Natural Landscaping Services as of February 28,2019.

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Definitions:

Economies of Scale

Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.

Diseconomies of Scale

The situation in which the cost of producing each individual unit rises when a company's production volume grows, often resulting from inefficiencies and a rise in complexity.