The Items Listed Below Were Identified While Preparing a Bank

question 118

Multiple Choice

The items listed below were identified while preparing a bank reconciliation for the company's checking account as of March 31.Cash balance according to the general ledger


-Refer to Dance Town Academy. Determine the amount of the company's adjusted cash balance.

• A)$16,800
• B)$20,200
• C)$ 1,700
• D)Cannot be determined.

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Definitions:

Service Business

A business model focused on delivering non-physical products or services to its consumers.

Overhead

The indirect costs or expenses associated with operating a business, including administrative, office, and rented space expenses.

Materials Ledger

A record of the quantity and value of materials on hand, received, and issued during a period.

Subsidiary Ledger

A detailed ledger that supplements a general ledger by providing detailed information for individual accounts, such as accounts payable or receivable.