Use the Following Data to Answer the Question Presented Below

question 192

Multiple Choice

Use the following data to answer the question presented below for Raines Corp.'s preparation of a bank reconciliation on October 31, 2016: ? $$\begin{array} { l r } \text { Bank statement balance } & \$ 30,700 \\\text { Raines' book balance (before adjustments) } & ? \\\text { Outstanding checks } & 4,200 \\\text { NSF checks } & 400 \\\text { Service charges } & 300 \\\text { Deposits in transit } & 3,100 \\\text { Interest earned on checking account } & 100\end{array}$$ ?
What is the net amount of the increase or decrease in Raines' cash balance which must be recorded as a result of the adjustments identified by the bank reconciliation?

• A) $100 decrease
• B) $300 decrease
• C) $400 decrease
• D) $600 decrease

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Definitions:

Habermas

A German sociologist and philosopher, known for his theory on the public sphere and communicative action.

Social Inequality

A condition where individuals in a society have unequal access to resources, opportunities, and rights.

Powerlessness

A state of feeling or being unable to control events or conditions in one’s life, often associated with lack of influence and vulnerability.

Marx

Refers to Karl Marx, emphasizing his contributions to political theory and his critique of the structural aspects of society.