In Reconciling a Bank Statement, the Bank Statement Balance Is

question 18

Multiple Choice

In reconciling a bank statement, the bank statement balance is $1,000 and the balance per books is $1,205. A bank service charge is $5; a deposit in transit totals $500, and outstanding checks total $300. The adjusted bank balance and book balance is

• A) $1,500.
• B) $1,205.
• C) $1,200.
• D) $1,505.

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Definitions:

Mental Activation

The process of stimulating the brain and its cognitive functions to enhance mental performance and awareness.

Homeostasis

The autoregulatory mechanism through which living organisms maintain equilibrium, adapting to the most favorable conditions for living.

Physical Activation

The process of stimulating or mobilizing the body's physical resources, often in preparation for physical activity.

Sensation Seeker

An individual who has a strong preference for experiences that are novel, complex, and intense, and is willing to take physical, social, legal, and financial risks for the sake of such experiences.