The following information is available for Matt's Unlimited Company for the current month. What is the adjusted book balance on the bank reconciliation? 
Definitions:
Trial Balance
An accounting report that lists the balances of all ledgers accounts in order to verify that total debits equal total credits.
Factoring Arrangement Without Recourse
A financial transaction in which a business sells its receivables to a third party (a factor) at a discount, without the seller being responsible if the debtor fails to pay.
Loss on Sale of Receivables
A financial loss incurred when the sale price of accounts receivable is less than their carrying amount on the balance sheet.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total accounts receivable on the balance sheet, accounting for estimated uncollectible debts.
Q8: The Allowance for doubtful debts currently has
Q19: Public pensions can be justified on the
Q40: If a single person is authorised to
Q41: The general ledger shows a balance of
Q60: A company's net sales revenues are $1
Q70: Which of the following would be included
Q88: ABC Ltd. has made credit sales of
Q119: The perpetual inventory system keeps a running
Q126: Which of the following defines Gross profit?<br>A)Net
Q126: If the bank reconciliation includes a deposit