Larson Company Gathered the Following Reconciling Information in Preparing Its

question 122

Multiple Choice

Larson Company gathered the following reconciling information in preparing its August bank reconciliation: $$\begin{array} { l r } \text { Cash balance per books, } 8 / 31 & \$ 34,800 \\\text { Deposits in transit } & 1,200 \\\text { Bank charge for check printing } & 160 \\\text { Outstanding checks } & 16,000 \\\text { NSF check } & 1,360\end{array}$$ Use the following tabular analysis to determine the impact of the required adjustments to Larson's Cash account:

• A)The adjusted balance of the Cash account is $33280.
• B)The adjusted balance of the Cash account is $32080.
• C)The adjusted balance of the Cash account is $18400.
• D)The adjusted balance of the Cash account is $34800.

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Definitions:

Job Descriptions

Documentation that clearly outlines the duties, responsibilities, necessary skills, outcomes, and work conditions of a specific job.

Balanced Scorecards

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Evaluating Employee Job Performance

The systematic process of assessing how well an employee has performed their job duties over a specific period.

Job Specification

A detailed description of the qualifications, skills, and experience required from a candidate for a particular job role.