If the Month-End Bank Statement Shows a Balance of $49,000

question 260

Multiple Choice

If the month-end bank statement shows a balance of $49,000, outstanding cheques are $16,000, a deposit of $7,000 was in transit at month end, and a cheque for $800 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

• A)$40,800.
• B)$40,000.
• C)$24,800.
• D)$20,100.

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