Agnes Has a Checking Account and She Has Just Received

question 5

Multiple Choice

Agnes has a checking account and she has just received her March bank statement that shows an ending balance of $250.Agnes' records indicate an ending balance of $220.In looking over the data you notice that two checks Agnes wrote totaling $75 had not yet cleared the bank,while a deposit for $40 that she mailed had not been received by the bank.There also was a $5 bank service charge.To adjust her records,Agnes should

• A)reduce her book balance by $5.
• B)increase the bank balance by $40.
• C)call the bank and tell them that their balance is incorrect.
• D)do nothing,everything seems in good order.

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Definitions:

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Acceptance Stage

A phase in the psychological process of grieving or coping, where an individual comes to terms with a reality or situation.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Demonstrates

The action of showing or proving something through example or evidence, often used in educational and professional contexts.