At August 31, Oriole Company has a cash balance per books of $9,900 and the following additional data from the bank statement: charge for printing Oriole Company checks $35 and interest earned on checking account balance $40. In addition, Oriole Company has outstanding checks of $1,020. Determine the adjusted cash balance per books at August 31. The adjusted cash balance per books at August 31

the adjusted cash balance per book is $9,905

Explanation:

The computation of the adjusted cash balance per books is shown below:

Adjusted cash balance per books is

= Cash balance per books - Charge for printing + Interest earned on checking account balance

= $9,900 - $35 + $40

= $9,905

hence, the adjusted cash balance per book is $9,905

We simply applied the above formula so that the correct value could come

And, the same is to be considered

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.