If the Month-End Bank Statement Shows a Balance of $72,000

question 54

Multiple Choice

If the month-end bank statement shows a balance of $72,000, outstanding checks are $24,000, a deposit of $8,000 was in transit at month end, and a check for $1,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) $55,000.
• B) $57,000.
• C) $41,000.
• D) $87,000.

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Definitions:

Cuticle

A protective and waxy or hard layer covering the epidermis of plants, insects, and some other organisms.

Trichomes

Small hairs or other outgrowths from the epidermis of plants, often serving as defense against herbivores and reducing water loss.

Photosynthetic Mesophyll

The layer of cells in a leaf where most photosynthesis occurs, rich in chloroplasts.

Gas Exchange

The process by which oxygen is taken in and carbon dioxide is released out, occurring in the lungs and tissues or in the cells and environment for organisms.