Karlin Company Gathered the Following Reconciling Information in Preparing Its

question 12

Multiple Choice

Karlin Company gathered the following reconciling information in preparing its April bank reconciliation: $\begin{array}{lr}\text { Cash balance per books, } 4 / 30 & \$ 13,200 \\\text { Deposits in transit } & 1,800 \\\text { Notes receivable and interest collected by bank } & 4,440 \\\text { Bank charge for check printing } & 150 \\\text { Outstanding checks } & 9,000 \\\text { NSF check } & 840\end{array}$ The adjusted cash balance per books on April 30 is

• A) $18,450.
• B) $17,640.
• C) $16,650.
• D) $18,330.

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Definitions:

Large Percentage

Referring to a substantial portion or share of a total amount.

Small Percentage

A minor part or fraction of a whole, usually denoted as less significant in quantity or magnitude.

Avoid

To keep away from or stop oneself from doing something; often a behavior motivated by fear, dislike, or desire to prevent something.

Superordinate Goals

Objectives that require the cooperation of two or more individuals or groups to achieve, often used to overcome conflict by creating shared interests.