The Bank Statement of Jade Co

question 101

Multiple Choice

The bank statement of Jade Co.shows a balance of $4,555 as of December 31.The following reconciling items were identified: i) Deposit not recorded on bank statement, $50
Ii) Total outstanding checks, $105
Iii) Check of $100 returned because of not sufficient funds (NSF) What is the adjusted balance according to the bank statement?

• A) $4,400
• B) $4,605
• C) $4,500
• D) $4,810

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Definitions:

Total Output

The total quantity of goods or services produced by a firm, industry, or economy in a given period.

Marginal Product

The extra yield generated when one additional unit of a particular input is used, keeping all other inputs unchanged.

Workers

Individuals or employees engaged in any form of labor, either paid or unpaid, within an economy.

Doggie Day Care

A service that provides temporary care and activities for dogs during the day.