Speed Racer Company Developed the Following Reconciling Information in Preparing

question 61

Multiple Choice

Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation: $\begin{array}{lr}\text { Cash balance per bank, } 9 / 30 & \$ 27,000 \\\text { Note receivable collected by bank } & 12,800 \\\text { Outstanding checks } & 14,000 \\\text { Deposits in transit } & 6,000 \\\text { Bank service charge } & 350 \\\text { NSF check } & 2,900\end{array}$
Determine the cash balance per books (before adjustments) for Speed Racer Company.

• A) $19,000.
• B) $9,450.
• C) $10,650.
• D) $21,000.

---

Definitions:

Hamburger Buns

A type of bread specifically designed to hold a hamburger patty and its accompanying ingredients, serving as an essential component of a hamburger.

Price of Chicken

The cost at which chicken is sold, which can vary based on factors like market demand, feed prices, and production costs.

Demand for Beef

The desire of consumers to purchase beef at various price levels, holding other factors constant.

Prices of Inputs

The costs associated with the materials, labor, and other resources necessary for the production of goods or services.