Check Number 367 for $33

question 82

Multiple Choice

Check Number 367 for $33.52 was incorrectly entered as $33.25.Which adjustment needs to be made?

• A) Decrease the book balance.
• B) Decrease the bank statement balance.
• C) Increase the book balance.
• D) Increase the bank statement balance.

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Definitions:

Simon Patten

An American economist known for his theories on wealth, consumer behavior, and the welfare state, influential in the early 20th century.

Gilded Age

A term used to describe the late 19th century in the United States (approximately 1870s to 1900), characterized by rapid economic growth, industrialization, and ostentatious wealth, alongside stark social inequalities.

Henry George

A 19th-century economist known for his theory that the economic value derived from land should belong to all members of society, popularizing the single tax idea.

Edward Bellamy

An American author and socialist, best known for his utopian novel, "Looking Backward", which envisions a future society based on cooperation and economic equality.