The Following Data Were Gathered to Use in Reconciling the Bank

question 49

Multiple Choice

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?

• A) $14,470
• B) $10,705
• C) $15,095
• D) $15,720

Understand the mechanisms behind volcanic and magmatic activities associated with plate boundaries.

Describe the role of mantle convection, slab pull, and ridge push in driving plate movements.

Explain the geological phenomena associated with transform faults and fracture zones.

Analyze the effects of plate tectonics on the formation of natural disasters such as earthquakes and volcanic eruptions.

---

Definitions:

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes in the United States that allows faster write-offs of assets.

Straight-Line

A method of calculating depreciation of an asset, which allocates an equal amount of depreciation to each year of the asset's useful life.

Sum-Of-Years' Digits

A depreciation method that accelerates the expense recognition, using a decreasing fraction of years remaining over the sum of the years' digits.

Double-Declining Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly in its early years.