Nilson Company Gathered the Following Reconciling Information in Preparing Its

question 89

Multiple Choice

Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: $$\begin{array} { l r } \text { Cash balance per books, } 8 / 31 & \$ 28,000 \\\text { Deposits in transit } & 1,200 \\\text { Notes receivable and interest collected by bank } & 6,800 \\\text { Bank charge for check printing } & 160 \\\text { Outstanding checks } & 16,000 \\\text { NSF check } & 1,360\end{array}$$ The adjusted cash balance per books on August 31 is

• A)$33280.
• B)$32080.
• C)$18400.
• D)$19680.

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Definitions:

Functional Explanation

An approach that explains social phenomena and structures by their functions and contributions to the continuation of a society or system.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Functional Explanation

An approach in social sciences that explains social institutions and structures by the role they play in maintaining the stability and functionality of a society.

Social Positions

The places or roles that individuals occupy within the social structure, which influence their behavior, perspectives, and interactions with others.