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:

Exposure

The state of being subjected to some affecting influence or environment, often leading to changes in behavior or perception.

Visible Outcomes

Tangible or observable results that can be seen or measured, stemming from specific actions or processes.

Human Health

A state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.

LPC Contingency Model

A leadership theory proposed by Fred Fiedler suggesting that leadership effectiveness depends on the match between a leader's style of interacting with subordinates and the degree of control and influence in the situation.