The Following Information Is Available for Matt's Unlimited Company for the Current

question 144

Multiple Choice

The following information is available for Matt's Unlimited Company for the current month.What is the adjusted book balance on the bank reconciliation? $$\begin{array} { | l | r | } \hline \text { Book balance end of the month } & \$ 5,575 \\\hline \text { Outstanding checks } & 584 \\\hline \text { Deposits in transit } & 2,500 \\\hline \text { Service charges } & 75 \\\hline \text { Interest revenue } & 25 \\\hline\end{array}$$

• A) $7,466
• B) $5,500
• C) $5,550
• D) $5,525

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Definitions:

Algae

A diverse group of photosynthetic organisms, ranging from unicellular microalgae to large multicellular forms, that are typically found in aquatic environments.

Insect Larvae

are the juvenile form of insects following hatching from eggs, before metamorphosing into their adult forms.

Detritus Food Chain

A series of processes by which nutrients are recycled in an ecosystem, starting from organic waste and decomposing organisms to detritivores and then to their predators.

Decaying Matter

Organic material that is breaking down through the process of decomposition by microorganisms.