Larson Company Gathered the Following Reconciling Information in Preparing Its

question 101

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 accounts:

• A)The adjusted balance of the Cash account is $34800.
• B)The adjusted balance of the Accounts Receivable account is $11300.
• C)The adjusted balance of the Accounts Payable account is $5300.
• D)The adjusted balance of the Accounts Receivable account is $14020.

Acknowledge the significance of self-awareness and reflection in personal and professional growth.

Comprehend the impact of mindset and preconceived perceptions on personal development and problem-solving.

Appreciate the effectiveness of various problem-solving strategies, including brainstorming and questioning techniques.

Understand the role of planning and implementation in executing solutions to problems.

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Definitions:

Categorical Imperative

A foundational concept in the moral philosophy of Immanuel Kant, which prescribes actions as universally mandatory, based on their maxims being capable of becoming universal law.

Moral Worth

The value or respectability of actions or decisions based on ethical principles.

Motive

A reason for doing something, especially one that is hidden or not obvious.

Subjective Plan

A course of action based on personal perspectives, feelings, or opinions rather than objective evidence or analysis.