The Following Information Is Available for Jade Company for the Month

question 139

Multiple Choice

The following information is available for Jade Company for the month ending June 30, 2017. * Balance as per the bank statement is $12,000.
* Balance as per books is $10,100.
* Check #506 for $1,100 and check #510 for $700 were not shown on the June 30, bank statement.
* A deposit in transit of $1,833 had not been received by the bank when the bank statement was generated.
* A bank debit memo indicated an NSF check for $80 written by Jane Smith to Jade Company on June 13.
* A bank credit memo indicated a note collected by the bank of $2,000 and interest revenue of $53 on June 20.
* The bank statement indicated service charges of $40.
What is the adjusted book balance?

• A) $12,073
• B) $12,033
• C) $8,353
• D) $8,300

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Definitions:

TANF Program

The TANF Program, or Temporary Assistance for Needy Families, is a federal assistance program in the United States designed to help needy families achieve self-sufficiency.

Welfare

A government program designed to support the well-being of its citizens, especially those in financial need.

Employment

The state of having paid work, or the total number of people who are currently hired in a certain region or industry.

Discriminatory Forces

Factors or practices that lead to unfair treatment of individuals or groups based on certain characteristics, leading to inequality.