Larson Company Gathered the Following Reconciling Information in Preparing Its

question 101

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 accounts:

• A)The adjusted balance of the Cash account is $34800.
• B)The adjusted balance of the Accounts Receivable account is $11300.
• C)The adjusted balance of the Accounts Payable account is $5300.
• D)The adjusted balance of the Accounts Receivable account is $14020.

---

Definitions:

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Hierarchical

Related to a system or organization in which people or groups are ranked one above the other according to status or authority.

Disney's Culture

The unique set of values, traditions, behaviors, and stories that make up the corporate ethos of The Walt Disney Company, often emphasizing creativity, storytelling, and customer experience.

Storytelling

the art of conveying events, messages, or narratives through the effective use of words, images, sounds, or actions to engage and influence an audience.