Bertram Company Assembled the Following Information in Completing Its May

question 84

Multiple Choice

Bertram Company assembled the following information in completing its May bank reconciliation: balance per bank ₤7,820 outstanding checks ₤1,775; deposits in transit ₤1,250; NSF check ₤680; bank service charge ₤25; cash balance per books ₤8,000.As a result of this reconciliation, Bertram will

• A)Reduce its cash account by ₤25.
• B)Reduce its cash account by ₤705.
• C)Increase its cash account by ₤525.
• D)Increase its cash account by ₤180.

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Definitions:

Salesperson

A Salesperson is an individual who sells goods or services to customers, often working on behalf of a company, utilizing skills in persuasion and negotiation to achieve sales.

Economic Needs

The fundamental requirements for goods and services that satisfy basic needs like shelter, food, and clothing, as well as desires for improved quality of life.

Recession

A significant decline in economic activity across the economy, lasting for a period of months or years, typically recognized by a decrease in GDP.

Satisfying Product

A product that meets or exceeds customer expectations, providing them with value and satisfaction.