In Preparing Its Bank Reconciliation for the Month of April

question 214

Multiple Choice

In preparing its bank reconciliation for the month of April 2018, Haskins, Inc. has available the following information. $\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 18 & \$ 40,920 \\\text { NSF check returned with } 4 / 30 / 18 \text { bank statement } & 1,350 \\\text { Deposits in transit, } 4 / 30 / 18 & 10,500 \\\text { Outstanding checks, } 4 / 30 / 18 & 15,600 \\\text { Bank service charges for April } & 60\end{array}$ What should be the adjusted cash balance at April 30, 2018?

• A) $34,410.
• B) $34,470.
• C) $35,760.
• D) $35,820.

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Definitions:

Tripled

To increase threefold or become three times as large in amount or number.

Farm Program

Government policies designed to support farmers by stabilizing prices, ensuring food supply, or providing direct subsidies for crop insurance, conservation, and agricultural research.

Price Ceilings

Government-imposed limits on how high a price can be charged for a good or service, intended to protect consumers.

Agricultural Research

The systematic pursuit to increase understanding and improve techniques in farming, including crop production, livestock care, soil management, and pest control.