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:

Purchase Order

A formal document issued by a buyer to a seller, detailing the products, quantities, and agreed prices for products or services.

Point Estimate

A single value given as an estimate of a population parameter that is of interest, often derived from sample data.

Health Consciousness

Health consciousness refers to an individual's awareness and proactive behavior towards maintaining health and preventing disease.

Health Consciousness

An awareness of and making choices toward a healthy and fulfilling life.