Higgins Company Gathered the Following Reconciling Information in Preparing Its

question 133

Multiple Choice

Higgins Company gathered the following reconciling information in preparing its October bank reconciliation: $\begin{array}{lr}\text { Cash balance per books, } 10 / 31 & \$ 16,800 \\\text { Deposits in transit } & 600 \\\text { Notes receivable and interest collected by bank } & 3,400 \\\text { Bank charge for check printing } & 80 \\\text { Outstanding checks } & 8,000 \\\text { NSF check } & 680\end{array}$ The adjusted cash balance per books on October 31 is

• A)$18840.
• B)$16040.
• C)$11440.
• D)$19440.

Understand the importance of collaboration within and outside the firm for innovation.

Analyze the potential challenges and solutions in managing regional centers of innovation.

Interpret various strategies companies use to drive market-creating innovation and compare their risks with other forms of innovation.

Understand the purpose and process of preparing an adjusted trial balance.