The Following Data Were Gathered to Use in Reconciling the Bank

question 28

Essay

The following data were gathered to use in reconciling the bank account of Savannah Company:? $$\begin{array} { | l | r | } \hline \text { Balance per bank } & \$ 16,750 \\\hline \text { Balance per company records } & 16,125 \\\hline \text { Bank service charges } & 80 \\\hline \text { Deposit in transit } & 2,195 \\\hline \text { NSF check } & 950 \\\hline \text { Outstanding checks } & 3,850 \\\hline\end{array}$$ What is the adjusted balance on the bank reconciliation?

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Definitions:

Automobile Business

Industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Big Data

Huge amounts of data that, when analytically processed, can disclose patterns, trends, and connections mostly related to how humans behave and interact.

Volume

Refers to the amount of space that a substance or object occupies, or that is enclosed within a container.

Velocity

The speed of something in a given direction, often used in physics to describe the rate of change of position.