In Preparing Its Bank Reconciliation for the Month of April

question 6

Multiple Choice

In preparing its bank reconciliation for the month of April 2016 Leno Inc. has available the following information. $\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 16 & \$ 76,800 \\\text { NSF check returned with } 4 / 30 / 16 \text { bank statement } & 940 \\\text { Deposits in transit, } 4 / 30 / 16 & 9,000 \\\text { Outstanding checks, } 4 / 30 / 16 & 9,300 \\\text { Bank service charges for April } & 60\end{array}$ What should be the adjusted cash balance at April 30 2016?

• A) $75100.
• B) $75800.
• C) $75920.
• D) $76500.

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Definitions:

Machine Hours

A measure of production time, calculated by totaling the amount of time machines are actively running in the production process.

Labour Hours

The total time worked by employees, typically used as a basis for labor cost allocation or productivity measurement.

Total Revenue Curve

A graphical representation that shows how total revenue changes with variations in the quantity of goods or services sold, illustrating the relationship between price and demand.

Quantity Sold

The total number of units of a product sold within a given time frame.