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Curate Company Assembled the Following Information in Completing Its May

question 31

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Curate Company assembled the following information in completing its May bank reconciliation:  Balance per bank $13,224 Outstanding checks 2,480 Deposits in transit 4,000 NSF check 256 Bank service charges 80 Cash balance per books 15,080\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} Use the following tabular analysis to determine the required adjustments to Curate's accounts for the deposits in transit:  Curate Company assembled the following information in completing its May bank reconciliation:  \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}  Use the following tabular analysis to determine the required adjustments to Curate's accounts for the deposits in transit:   A) Increase Cash by $4000. B) Increase Cash by $1520. C) Increase Cash by $336. D) No adjustment is required by Curate for the deposits in transit.

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Definitions:

Structuralist Approach

An intellectual movement and method of analysis, rooted in linguistics and psychology, that focuses on elements of human culture and the processes of how they relate to each other to form a structure.

Natural Selection

The basis of evolution; the idea that those who inherit characteristics that help them adapt to their particular environments have a selective advantage over those who do not.

Functionalism

A perspective in psychology focused on how mental and behavioral processes enable an organism to adapt, survive, and thrive.

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

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