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

---

Definitions:

Organizations

Entities made up of multiple individuals working towards a common goal, structured in a way that aims to achieve coordinated actions.

Big Five Personality Factors

The Big Five Personality Factors are a model consisting of five broad dimensions used to describe human personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism (OCEAN).

Major Leadership Traits

Fundamental personal qualities, such as integrity and confidence, that are commonly seen in effective leaders.

Leadership Traits

The characteristics, attributes, and qualities that are commonly found in effective leaders, such as decisiveness, integrity, and charisma.