During the Month, Wilson Received a $1,200 Check from Richard

question 86

Multiple Choice

During the month, Wilson received a $1,200 check from Richard for the purchase of his 1994 Ford. Wilson deposited the check in his bank account. At the end of the month, Wilson received his monthly bank statement along with Richard's check returned and marked "NSF." What should Wilson do when reconciling his bank statement?

• A) Subtract $1,200 from the cash balance per the books
• B) Add $1,200 to the cash balance per the bank statement
• C) Subtract $1,200 from the cash balance per the bank statement
• D) Add $1,200 to the cash balance per the books

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Definitions:

State Division

A branch or section of government at the state level responsible for specific administrative functions or policies.

Human Rights (DHR)

A set of fundamental rights and freedoms to which all individuals are entitled, often emphasizing dignity, fairness, equality, respect, and independence.

Unemployment Compensation

Financial assistance provided to individuals who are unemployed through no fault of their own, aiming to support them during their job search.

Terminated Employees

Individuals whose employment contracts have been ended by their employer, for various reasons.