Adler Company Developed the Following Reconciling Information in Preparing Its

question 4

Multiple Choice

Adler Company developed the following reconciling information in preparing its December bank reconciliation: $$\begin{array} { l r } \text { Cash balance per bank, } 12 / 31 & \$ 24,000 \\\text { Note receivable collected by bank } & 12,000 \\\text { Outstanding checks } & 18,000 \\\text { Deposits in transit } & 9,000 \\\text { Bank service charges } & 150 \\\text { NSF check } & 2,400\end{array}$$ Using the above information, determine the cash balance per books (before adjustments) for the Adler Company.

• A)$5,550.
• B)$33,000.
• C)$17,550.
• D)$24,000.

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Definitions:

Intrinsically Good

Something that is valuable or virtuous in itself, not merely as a means to an end.

Stoicism

is an ancient Greek philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.

Predestination

The belief or doctrine that all events are predetermined by a divine will or fate, and humans have no real ability to alter their futures.

Belief

A psychological state in which an individual holds something to be true, based on evidence, trust, or confidence, not requiring proof for acceptance.