The following data were gathered to use in reconciling the bank account of Torres Company:

Balance per bank $12,175
Balance per company records 9,480
Bank service charges 50
Deposit in transit 1,800
NSF check 1,250
Outstanding checks 5,795
Instructions
A. What is the adjusted balance on the bank reconciliation?

The answer is $8,180

Explanation:

Balance per general ledger cash at bank account. $9,480

Items in bank statement not in cash book:

Bank service charges. ($50)

NSF check. ($1,250)

Corrected cash at bank $8,180

Balance per bank statement $12,175

Items in general ledger not in bank statement:

Deposit in transit $1,800

Outstanding checks ($5,795)

Corrected balance per bank statement. $8,180

the answer is i don't know

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.