Adler Company Developed the Following Reconciling Information in Preparing Its

question 57

Multiple Choice

Adler Company developed the following reconciling information in preparing its December bank reconciliation: Using the above information, determine the cash balance per books (before adjustments) for the Adler Company.

• A) $4,625.
• B) $27,500.
• C) $14,625.
• D) $20,000.

---

Definitions:

Negotiable

Characteristic of a document or instrument that allows its transferability and enforceability by someone other than the original party.

Proceeds

Under Article 9 of the Uniform Commercial Code, whatever is received when collateral is sold or otherwise disposed of.

Honda Civic

A model of compact car manufactured by Honda, known for its efficiency, reliability, and widespread popularity.

Payment Date

The specified date on which a payment, such as a dividend or bond interest, is made by a company to its shareholders or bondholders.