The Dinho Corporation identified the following data when preparing their April bank reconciliation: Bank statement balance $45,000 Dinho's book balance (before adjustments) ? Outstanding checks 4,500 NSF checks 1,400 Service charges 300 Deposits in transit 5,000 Interest earned on checking account 25 In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000 . The
correct amount was recorded by the bank as $1,200. What is the adjusted cash balance at the end of April?
a. $44,300
b. $45,500
c. $45,000
d. $45,700
b
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What will be an ideal response?
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In Sharia law, interest is forbidden
A. so equity partnerships, where business risk is shared, tend to be the approach to developing working capital. B. but mostly this prohibition is simply a pretense, and interest is usually paid but termed something else. C. which greatly limits the development of international businesses. D. so the acquisition of working capital is severely limited.