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:

Extinction

In psychology, the diminishing of a conditioned response, typically when the reinforcement or stimulus that originally led to the response is removed.

Original Learning

The initial phase of acquiring new knowledge or skills where fundamental concepts and principles are established.

Classical Conditioning

Learning occurs through consistently pairing two stimuli together; a reaction first stimulated by the second stimulus eventually is stimulated by only the first stimulus.

Instinctive Behavior

Actions or reactions that are performed without conscious thought, driven by genetic programming.