If the Month-End Bank Statement Shows a Balance of $54,000

question 64

Multiple Choice

If the month-end bank statement shows a balance of $54,000, outstanding checks are $15,000, a deposit of $6,000 was in transit at month end, and a check for $900 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A) $44,100.
• B) $45,000.
• C) $45,900.
• D) $62,100.

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Definitions:

Jews

An ethnoreligious group originating from the Israelites or Hebrews of the ancient Middle East, known for their shared heritage, religion (Judaism), and traditions.

Serfdom

A condition of bondage or modified slavery in which an individual is tied to owning land and owes service and labour to the landowner.

Unpopulated Parts

Areas or regions that are not inhabited by people.

Taxed

The imposition of financial charges or levies upon an individual or an entity by a governing body in order to fund public expenditures.