If the Month-End Bank Statement Shows a Balance of $51,000

question 95

Multiple Choice

If the month-end bank statement shows a balance of $51,000, outstanding cheques are $14,000, a deposit of $3,000 was in transit at month end, and a cheque for $800 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) $40,800.
• B) $51,000.
• C) $28,800.
• D) $14,800.

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Definitions:

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