Chicago Company has hired you to reconcile its bank statement and cash account.At June 30,2019,the Cash account on the books showed the following:
Cash account
The June bank statement,just received,showed the following:
There were neither outstanding checks nor deposits in transit at May 31,2019.
A.Prepare the bank reconciliation at June 30,2019.
B.Prepare the adjusting journal entries needed as a result of preparing the bank reconciliation.

If perceptual distortions and initial assumptions are correct,then negotiators may not be able to reverse their effects.

On July 1 of the current year,Timberlake Company signed a contract to lease space in a building for 7 years.After taking possession of the leased space,Timberlake pays $140,000 for improving the office portion of the lease space.The improvements are paid on July 2 of the current year,and are estimated to have a useful life equal to 13 years.Prepare entries for Timberlake to record (a)its payment for the office improvements,(b)the December 31 year-end entry to amortize the office improvements.

An efficient tax system is one that imposes small

A) deadweight losses and administrative burdens.
B) marginal rates and deadweight losses.
C) administrative burdens and transfers of money.
D) marginal rates and transfers of money.

Which of the following will be included in the current year's gross domestic product (GDP) ?

A) The sale price of equipment produced last year but sold this year
B) The money spent by Kate on the purchase of new furniture
C) The money spent by Barney on the purchase of his uncle's house
D) The sale price of the stock purchased by John
E) The opportunity cost of the time spent by Bruno cooking lunch for his neighbor

(Table: Pumpkin Market) There are two consumers,Andy and Ben,in the market for pumpkins.Their willingness to pay for each pumpkin is shown in the table Pumpkin Market.There are two producers of pumpkins,Cindy and Diane,and their costs are also shown.The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.At the equilibrium price and quantity,Diane sells _____ pumpkins,and her producer surplus is _____.

A) four;$11
B) three;$8
C) two;$6
D) one;$4