Delco Construction the Following Items Relate to the Company's March

question 64

Multiple Choice

Delco Construction The following items relate to the company's March bank reconciliation:
$\begin{array}{ll} \text { Bank statement balance } &\$ 29,600 \\ \text { Unadjusted cash balance ac cording to company records } &? \\ \text { Deposit in trensit } &2,200 \\ \text { Outstanding checks } &3,100 \\ \text { Bank service charges } &200 \\ \text { Interest earned on the bank account } &100 \\ \text { Customen's NSF check returned by the bank } &300\end{array}$
-Refer to Delco Construction.What is the company's unadjusted cash balance in its accounting records at March 31st before the reconciliation was completed?

• A)$28,700
• B)$29,100
• C)$28,300
• D)$29,600

Complete loan amortization schedules and solve effective rate problems.

Understand the impact of varying interest rates and loan terms on monthly payments and total loan cost.

Analyze and calculate payments for different types of loans, including personal, auto, and mortgages.

Understand the principles of amortization for both housing and business loans.

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