Candy Claws Company Gathered the Following Reconciling Information in Preparing

question 76

Multiple Choice

Candy Claws Company gathered the following reconciling information in preparing its August bank reconciliation: $\begin{array}{lr}\text { Cash balance per books, } 8 / 31 & \$ 19,500 \\\text { Deposits in transit } & 900 \\\text { Notes receivable and interest collected by bank } & 4,800 \\\text { Bank charge for check printing } & 120 \\\text { Outstanding checks } & 12,000 \\\text { NSF check } & 1,020\end{array}$ The adjusted cash balance per books on August 31 is

• A) $11,160.
• B) $12,060.
• C) $23,160.
• D) $24,060.

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Definitions:

Money Supply

The entirety of monetary resources accessible in an economy during a specific period.

Rational

Characterized by clear and logical thinking, often with regard to fulfilling one's personal goals or making decisions based on empirical evidence and reasoning.

Unemotional Self-interest

Refers to actions motivated purely by personal gain without regard to emotions or moral considerations.

Q

Generally denotes quantity in economic and mathematical models, referring to the amount of goods or services.