# Calculate the statement balance 13 from the following

12. Calculate the statement balance 13. From the following, prepare a bank reconciliation for the J. Company. Service charge \$10 Checks outstanding \$730 NSF \$100 Deposits in transit \$1,040 Checkbook balance \$2,000 Bank Balance \$1,580
14. Trade discounts represent increases to the purchase price. True False 15. The trade discount results if the customer pays the bill within the discount period. True False 16. Trade discounts are sometimes taken on freight. True False 17. Net price plus amount of trade discount equals list price. True False 18. A radio with a net price of \$700 and a trade discount rate of 30 percent has a list price of \$1,000. True False 19. Chain discounts may sometimes be added together . True False 20. If the net price of a stove is \$900 and the trade discount rate is 40 percent, the list price is:
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