Gentech Corp ? Gentech's Adjusted Cash Balance at June 30, 2016 Is

question 70

Multiple Choice

Gentech Corp.prepared a bank reconciliation as of June 30, 2016.The following items were identified: $$\begin{array} { l r } \text { Gentech's bank balance } & \$ 14,300 \\\text { Deposits in transit } & \$ 1,000 \\\text { Outstanding checks } & 1,300 \\\text { Bank service charges } & 50 \\\text { Customer's NSF check returned by the bank } & 150\end{array}$$ ? Gentech's adjusted cash balance at June 30, 2016 is

• A) $13,800
• B) $14,100
• C) $14,000
• D) $14,300

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Definitions:

Palace At Knossos

An archaeological site on the island of Crete, considered Europe’s oldest city, and the ceremonial and political center of the Minoan civilization.

Minotaur

The mythical beast, half man and half bull, that inhabited the labyrinth of the Minoan palace at Knossos.

Labyrinth

A complex network of paths or passages, often designed as a puzzle or maze that is challenging to navigate.

Harvesters Vase

An artifact from the Minoan civilization featuring carved scenes of sowing, harvesting, or celebrating the harvest.