Larson Company Gathered the Following Reconciling Information in Preparing Its

question 122

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 Cash account:

• A)The adjusted balance of the Cash account is $33280.
• B)The adjusted balance of the Cash account is $32080.
• C)The adjusted balance of the Cash account is $18400.
• D)The adjusted balance of the Cash account is $34800.

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Definitions:

Experiential System

A cognitive process based on sensory experiences, intuition, and personal feelings, as opposed to analytical thinking.

Schema Accessibility

The ease with which a mental schema is activated in one's mind, influencing perception and behavior in specific situations.

Salience

The quality of being particularly noticeable or important; the state or condition of something that stands out or is prominently perceived.

Accessibility

The ease with which information, resources, or services can be reached or used by people.