Curate Company Assembled the Following Information in Completing Its May

question 31

Multiple Choice

Curate Company assembled the following information in completing its May bank reconciliation: $$\begin{array} { l r } \text { Balance per bank } & \$ 13,224 \\\text { Outstanding checks } & 2,480 \\\text { Deposits in transit } & 4,000 \\\text { NSF check } & 256 \\\text { Bank service charges } & 80 \\\text { Cash balance per books } & 15,080\end{array}$$ Use the following tabular analysis to determine the required adjustments to Curate's accounts for the deposits in transit:

• A)Increase Cash by $4000.
• B)Increase Cash by $1520.
• C)Increase Cash by $336.
• D)No adjustment is required by Curate for the deposits in transit.

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Definitions:

HR Surveys

Tools used by human resources departments to gather feedback from employees about job satisfaction, engagement, and organizational policies.

Administering Personnel Tests

The process of conducting tests and assessments to evaluate the skills, abilities, and potential of employees or job candidates.

Company Information

Details and data related to a business entity, including its financial performance, organizational structure, strategy, and market position.

Outsourcing

The practice of hiring external firms or individuals to perform services or create goods that traditionally were performed in-house.