Homes, Inc. Kurt McKinney has just received a large inheritance and wants to have his "dream" home built. He knows exactly the architectural design he wants. He wants a particular Reflections home. The type of consumer product he wishes to buy is best classified as a(n):

Specialty product

Explanation: The type of consumer product he wishes to buy is best classified as a specialty product. While a product is defined as everything, both favorable and unfavorable, that a person receives in an exchange which can be tangible, intangible, a service, an idea, or a combination of these things, specialty products are products that are searched for extensively, and for which substitutes are not acceptable, may be quite expensive, and often limited in distribution.

Explanation:

cash account balance $403,784

note collected by bank $50,630

Error in check ($8,244)

Bank service fees ($170)

reconciled cash account $446,000

bank account balance $468,460

outstanding checks ($73,870)

deposit in transit $51,230

error in charging check $180

reconciled bank account $446,000

Dr Cash 50,630

    Cr Notes receivable 48,220

    Cr Intertest revenue 2,410

Dr Accounts payable 8,244

    Cr Cash 8,244

Dr Bank fees expense 170

    Cr Cash 170

Cash balance = $446,000