Park Place Received a Bank Statement Showing a Balance of $1,400

question 41

Multiple Choice

Park Place received a bank statement showing a balance of $1,400. What is the adjusted balance if there was a bookkeeper error of $100 in the depositor's favour, two outstanding cheques totalling $40, a service charge of $10, a deposit in transit of $150, and interest revenue of $26 earned by the depositor?

• A)$1,110
• B)$1,510
• C)$1,636
• D)$1,610

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Definitions:

Countershafts

Secondary shafts in a gearbox that carry gears of various sizes, affecting the gear ratio between the input and output shafts.

Allison TC10

A model of automatic transmission for commercial vehicles, offering fuel efficiency and durability, designed by Allison Transmission.

Input Torque

The amount of turning force applied to the input shaft of a mechanism or system, such as a gearbox, influencing its output torque and overall performance.

Caterpillar ADEM

A proprietary engine management system developed by Caterpillar for controlling and optimizing engine performance.