Find the Following Sum

question 13

Multiple Choice

Find the following sum.

• A) 25
• B) 33
• C) 65
• D) 95
• E) None of the above.

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.

Adjusted Cash Balance

The cash balance of a company after adjusting for outstanding checks and deposits in transit, giving a more accurate representation of available funds.

Notes Receivable

A financial asset representing a promise to pay a specific amount of money, plus interest, to the holder of the note at a future date.

NSF Check

Non-Sufficient Funds Check; a check that cannot be processed because the account on which it is drawn does not have enough funds.