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Curate Company Assembled the Following Information in Completing Its May

question 37

Multiple Choice

Curate Company assembled the following information in completing its May bank reconciliation: $\begin{array}{l}\begin{array} { l r } \text { Balance per bank } & \$ 13,224 \\\text { Outstanding checks } & 2,480 \\\text { Deposits in transit } & 4,000 \\\text { NSF check } & 256 \\\text { Bank service charges } & 80 \\\text { Cash balance per books } & 15,080\end{array}\\\text { Use the following tabular analysis to determine the required adjustments to Curate's accounts: }\end{array}$
$Curate Company assembled the following information in completing its May bank reconciliation: \begin{array}{l} \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}\\ \text { Use the following tabular analysis to determine the required adjustments to Curate's accounts: } \end{array} A) Decrease Accounts Receivable by $256. B) Decrease Cash by $2480. C) Increase Expense by $336. D) Increase Expenses by $80.$

Definitions:

Environmental Demands

The pressures and requirements placed on an individual or organization by the external surroundings, including social, economic, and ecological factors.

Ohio State Leadership Model

A behavioral leadership model developed from studies at Ohio State University, focusing on two dimensions of leadership behavior: consideration and initiating structure.

Consideration

In management, it refers to the degree to which a leader shows concern and respect for followers, often part of leadership behavior studies.

Initiating Structure

A leadership behavior that focuses on defining roles, setting goals, and organizing work tasks to achieve objectives efficiently.