Gunnar Company Gathered the Following Reconciling Information in Preparing Its

question 114

Multiple Choice

Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Calculate the adjusted cash balance per books on September 30.? $$\begin{array} { | l | r | } \hline \text { Cash balance per books, September } 30 & \$ 2,750 \\\hline \text { Deposits in transit } & 200 \\\hline \text { Notes receivable and interest collected by bank } & 630 \\\hline \text { Bank charge for check printing } & 50 \\\hline \text { Outstanding checks } & 1,250 \\\hline \text { NSF check } & 290 \\\hline\end{array}$$

• A) $5,130
• B) $3,690
• C) $3,040
• D) $1,590

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Definitions:

Ego States

Refers to the different facets of our personality that manifest in our behaviors and interactions, such as the Parent, Adult, and Child in transactional analysis.

Transaction

An exchange or interaction between people, which can be financial, emotional, or social.

Safest Form

A term that could apply to various contexts, indicating the method or approach with the least risk or harm involved.

Psychological Payoff

is the benefit or reward that an individual receives from engaging in a certain behavior, even if it is maladaptive.