At June 30, Yaddof Company Has the Following Bank Information

question 179

Multiple Choice

At June 30, Yaddof Company has the following bank information: cash balance per bank $1,800; outstanding checks $340; deposits in transit $275; credit memo for interest $75; bank service charge $10. What is Mareska's adjusted cash balance on June 30?

• A) $1,735
• B) $1,800
• C) $1,810
• D) $1,865

---

Definitions:

Propositions

Statements or assertions that express judgments or opinions that can potentially be proven true or false.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing to be explained.

Frugality

The quality of being economical with resources or expenditure; practicing restraint in the use of materials and funds.

Cognitive Dissonance

A psychological state of discomfort arising from holding two or more conflicting beliefs, values, or attitudes, leading to behavior change or attitude adjustment.