The Amount of Cash Related to a Particular Bank Checking

question 1

Multiple Choice

The amount of cash related to a particular bank checking account that is shown on the balance sheet at December 31 is:

• A)the cash balance shown on the bank's records at the close of business on December 31, without further adjustments.
• B)the cash balance shown in the company's general ledger account for this checking account at the close of business on December 31, without further adjustments.
• C)the cash balance shown in the general ledger account for this checking account as of the close of business on December 31, after recognizing any outstanding checks and/or deposits in transit from the December 31 bank account reconciliation.
• D)the cash balance shown in the general ledger account for this checking account as of the close of business on December 31, after recognizing any bank service charges and/or interest income from the December 31 bank account reconciliation.

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Definitions:

Tolerance

The diminishing effect with regular use of the same dose of a drug, requiring the user to take larger and larger doses before experiencing the drug’s effect.

Positive Suggestions

Recommendations or proposals that are optimistic in tone and are meant to improve or enhance a situation.

Psychoactive Drugs

Substances that affect the brain and change mood, awareness, thoughts, feelings, or behavior.

Neurotransmission

The process by which nerve cells communicate with each other or with muscles or glands, through the release and reception of chemicals called neurotransmitters.