The Following Data Were Gathered to Use in Reconciling the Bank

question 28

Multiple Choice

The following data were gathered to use in reconciling the bank account of Savannah Company: $$\begin{array} { | l | l | } \hline \text { Balance per bank } & \\\hline \text { Balance per company records } & \\\hline \text { Bank service charges } & \\\hline \text { Deposit in transit } & \\\hline \text { NSF check } & \\\hline \text { Outstanding checks } & \\\hline\end{array}$$ What is the adjusted balance on the bank reconciliation?

• A) $14,470
• B) $10,705
• C) $15,095
• D) $15,720

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Definitions:

Positive Terminal

The electrode in an electrical device from which current flows away, typically marked with a positive sign and higher potential energy.

Anode

The positive terminal of an electric device.

Magnesium Atom

The atomic form of magnesium, a light, silvery-white, moderately hard metallic element that is an essential nutrient for living cells.

Metallic Salt

Chemical compounds consisting of metal cations and non-metal anions, often soluble in water and can conduct electricity when molten or dissolved.