Marjorie Company's cash balance per the books at the end of the month was \( \$ 8,500 \). After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, \( \$ 800 \); deposits in transit, \( \$ 700 \); bank service charge, \( \$ 10 \); and NSF check, \( \$ 400 \). The bank collection of a note receivable was \( \$ 1,200 \) plus interest of \( \$ 130 \). There also was an EFT payment of \( \$ 160 \). What is the adjusted book balance at the end of the month?

\( \$ 5,500 \) is deposited at the end of each quarter in an account that earns \( 7 \% \) compounded quarterly until \( \$ 100,000 \) has accumulated in the account. This scenario describes the ---Select--- for ? s . From the formula in the textbook, all values are known, except After how many quarters will the account contain \( \$ 100,000 \) ? (Round your answer UP to the nearest quarter.) quarters

December 31, 2024, Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Senvice revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirements 1. Calculate Concord's bad debt expense for 2024 .

A car was valued at \( \$ 31,000 \) in the year 1995 . The value depreciated to \( \$ 11,000 \) by the year 2003. A) What was the annual rate of change between 1995 and 2003 ? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007 ? value \( =\$ \)

E5-32B. (Learning Objective 5: Apply GAAP for uncollectible receivables) At December 31,2024 , Concord Travel Agency has an Accounts Receivable balance of \( \$ 87,000 \). Its net accounts receivable is \( \$ 86,120 \) before the year-end adjustment. Service revenue (all on account) for 2024 was \( \$ 800,000 \). Concord estimates that its bad debt expense for the year is \( 3 \% \) of service revenue. Requirements 1. Calculate Concord's bad debt expense for 2024 . 2. How are Concord's balance sheet and income statement impacted by the adjustment to recognize bad debt expense for the year? 3. Calculate the net realizable value of accounts receivable as of December 31,2024 .

Amar deposited \( \$ 400 \) iniban account with \( 2.9 \% \) interest, compounded semiannually. Assuming that ho witharawals are mode, how much will he have in the occount after 8 years? Do not round any intermediatecomparon, round nearest cent.