At June 30, Mareska Company Has the Following Bank Information

question 168

Multiple Choice

At June 30, Mareska Company has the following bank information: cash balance per bank €7,800; outstanding checks €560; deposits in transit €1,100; credit memo for interest €20; bank service charge €40. What is Mareska's adjusted cash balance on June 30?

• A) €8,320
• B) €8,360
• C) €7,260
• D) €8,340

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Definitions:

ERG Theory

A theory in psychology that categorizes human needs into three categories: Existence, Relatedness, and Growth, suggesting people are motivated by these in succession.

Existence Needs

Desires for physical well-being.

Esteem Needs

The human desire for respect, self-esteem, and recognition from others, important for individual motivation and development.

Praise and Recognition

The act of giving positive feedback or acknowledgment to individuals or teams for their accomplishments and contributions.