yashirachevalier
25.02.2020 •
Business
Outstanding checks as of June 30 total $1,829.The June 30 bank statement lists a $16 service charge.Check No. 919, listed with the canceled checks, was correctly drawn for $467 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $476.The June 30 cash receipts of $2,856 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement.
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Ответ:
I believe the answer is: Prices for goods and services increased, and a dollar bought less than it previously had
In the 1970s, united states was experiencing a period of economic stagnation which later known as called the great inflation of the 1970s.
During this period, the number of unemployment skyrocketed and the value of our currency fall dramatically, which caused an increase in overall products and less amount of products it can obtain with previously same amount.