In Preparing Its Bank Reconciliation for the Month of April

question 193

Multiple Choice

In preparing its bank reconciliation for the month of April 2022, Sells, Inc. has available the following information. $\begin{array}{lr}\text { Balance per bank statement, } 4 / 30 / 22 & \$ 40,290 \\\text { NSF check returned with } 4 / 30 / 22 \text { bank statement } & 1,450 \\\text { Deposits in transit, } 4 / 30 / 22 & 10,200 \\\text { Outstanding checks, } 4 / 30 / 22 & 15,060 \\\text { Bank service charges for April } & 60\end{array}$ What should be the adjusted cash balance at April 30, 2022?

• A) $33,920.
• B) $33,980.
• C) $35,370.
• D) $35,430.

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Definitions:

Stagnation

A period of halted progress or development, often resulting in feelings of being stuck or without direction in various aspects of life.

Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, which posits that individuals go through eight stages of development throughout life.

Psychological Closeness

The perceived intimacy or connectedness between individuals, which can influence the depth of personal relationships and interactions.

Intimacy

The emotional or psychological closeness and trust built between individuals through shared experiences and personal exchanges.