Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: 
The adjusted cash balance per books on August 31 is
Definitions:
Surrender Control
The act of willingly giving up authority or power over a situation to another party.
Formal Mediation
A structured process where an impartial third party helps disputing parties reach a resolution by facilitating communication and negotiation.
Binding Arbitration
A dispute resolution process where a neutral third party makes a decision that is legally enforceable and must be adhered to by all involved parties.
Compensation Strategy
Approaches used in negotiation or conflict resolution where one party offers something of value to the other as a form of reparation or to balance out an imbalance.
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