The Amount of Cash Related to a Particular Bank Checking

question 1

Multiple Choice

The amount of cash related to a particular bank checking account that is shown on the balance sheet at December 31 is:

• A)the cash balance shown on the bank's records at the close of business on December 31, without further adjustments.
• B)the cash balance shown in the company's general ledger account for this checking account at the close of business on December 31, without further adjustments.
• C)the cash balance shown in the general ledger account for this checking account as of the close of business on December 31, after recognizing any outstanding checks and/or deposits in transit from the December 31 bank account reconciliation.
• D)the cash balance shown in the general ledger account for this checking account as of the close of business on December 31, after recognizing any bank service charges and/or interest income from the December 31 bank account reconciliation.

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