Tang Company Assembled the Following Information in Completing Its June

question 172

Multiple Choice

Tang Company assembled the following information in completing its June bank reconciliation: balance per bank HK$42,920; outstanding checks HK$24,650; deposits in transit HK$27,500; NSF check HK$4,480; bank service charge HK$170; cash balance per books HK$50,420. As a result of this reconciliation, Tang will

• A) reduce its cash account by HK $7,500.
• B) increase its cash account by HK $2,850.
• C) increase its cash account by HK $4,480.
• D) reduce its cash account by HK $4,650.

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Definitions:

Tyrannosaurus Rex

A large, carnivorous dinosaur that lived approximately 68 to 66 million years ago during the late Cretaceous Period, renowned for its massive size, powerful jaws, and sharp teeth.

Evidence

Information or facts that are used to support the validity of a statement, claim, or hypothesis.

Hereditary Connection

The genetic relationship between organisms, determining the transmission of traits from parents to offspring.

Birds

Warm-blooded vertebrates characterized by feathers, beaks without teeth, and the laying of hard-shelled eggs.