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:

Reliable

The quality of being consistently good in performance, accuracy, or dependability.

Responses

Reactions to a stimulus or a series of events.

High in Validity

Refers to the extent to which a test, experiment, or measurement accurately reflects what it is intended to measure.

Group Dynamics

The study of the psychological processes involved when individuals interact in small groups, focusing on roles, norms, conflict, and cohesion.