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Presented below is informatin related to Anderson Inc. 1)Balance as per books at 1.31.2013, $41,847.85; receipts $173,523.91 and disbursements $164,893.54. Balance as per bank statement at 2.28.2013, $56,274.2. The following checks were outstanding at 2.28.2013: #1124 for $1,635.29; #1230 for $2,468.30; #1232 for $2,125.15 and #1233 for $482.17 Incuded in the February bank statement and not recorded by the company were a bank debit memo for $27.40 covering bank charges for the month, a debit memo for $372.13 for a customer's check returned and marked NSF, and a credit memo for $1400 representing bond interest collected by the bank in the name of Anderson Inc. Cash on hand at 2.28.2013 recorded and awaiting deposit amounted to $1,915.40 a. Prepare a bank reconcilation statement at 2.28.2013 for Anderson Inc. b. Prepare any journal entry required to adjust the cash account at 2.28..
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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