The Following Information Is Available for Andersen Company for the Month

question 88

Multiple Choice

The following information is available for Andersen Company for the month ending June 30,2014

. • Balance per the bank statement is $10,241.43.
• Balance per books is $9,745.06.
• Check #506 for $1,948.52 and check #510 for $1,800.25 were not shown on the June 30 bank statement.
• A deposit in transit of $5,113.40 had not been received by the bank when the bank statement was generated.
• A bank debit memo indicated an NSF check in the amount of $79 written by Bruce Garrett to Andersen Company on June 13.
• A bank credit memo indicated a note collected by the bank of $1,900 and interest revenue of $75 on June 20.
• The bank statement indicated service charges of $35.

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What is the adjusted book balance?

• A) $7,884.06
• B) $11,606.06
• C) $11,109.69
• D) $7,971.29

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Definitions:

Negligently Runs

Acting with a lack of due care or disregard for the safety of others, potentially causing harm or damage through one's actions or inactions.

Lawn Care Services

Businesses that provide maintenance and treatment of lawns, including mowing, fertilization, and weed control.

Initiate A Lawsuit

The act of formally bringing a legal action against a person or entity, starting the process of litigation.

Partnership Obligations

Duties and responsibilities that partners in a partnership have towards each other and the partnership as a whole, according to the partnership agreement or law.