Bertram Company Assembled the Following Information in Completing Its May

question 118

Multiple Choice

Bertram Company assembled the following information in completing its May bank reconciliation: balance per bank ₤23,460 outstanding checks ₤5,325; deposits in transit ₤3,750; NSF check ₤2,040; bank service charge ₤75; cash balance per books ₤24,000. As a result of this reconciliation, Bertram will

• A) reduce its cash account by ₤75.
• B) reduce its cash account by ₤2,115.
• C) increase its cash account by ₤1,575.
• D) increase its cash account by ₤540.

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Definitions:

Cold Calling

The practice of contacting potential customers who have not previously expressed interest in a product or service, often through phone calls.

Law of Averages

The principle stating that over a large number of trials, outcomes will roughly equal the probability of an event occurring.

Web Site

A collection of related web pages under a single domain name, designed to provide information, services, or products over the internet.

Potential Customers

Individuals or entities that are likely to be interested in a company's product or service but have not yet made a purchase.