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:

Hostile Environment

A work or social environment that is intimidating, unfriendly, or offensive, often due to harassment or discriminatory practices.

Organic Structure

A flexible, decentralized organizational structure with low levels of formalization.

Informal Communication

The exchange of information through non-official channels, often based on personal relationships rather than organizational structure.

Innovation

The process of creating, developing, and implementing new ideas, processes, or products that are intended to improve efficiency, effectiveness, or competitive advantage.