The Tanner Company's April 1,2010 Pre-Reconciliation Cash Balance on Their

question 113

Multiple Choice

The Tanner Company's April 1,2010 pre-reconciliation cash balance on their books was $35,000.While preparing the April 1 bank reconciliation,Tanner determined that outstanding checks total $11,000,deposits in transit total $7,000,and bank service charges are $50.How much was Tanner's April 1,2010 cash balance per the bank statement?

• A)$31,000
• B)$30,950
• C)$38,950
• D)$39,000

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Definitions:

Poisson Distribution

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Automated Car Wash

A facility using machinery and automated processes to clean vehicles without human handwashing.

Poisson Distribution

A statistical distribution that models the number of times an event occurs within a fixed interval of time or space.

Automated Car Wash

A facility using machinery and automated processes to wash vehicles, often requiring minimal human intervention.