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:

Mean

It is the central value of a discrete set of numbers, specifically, the sum of the values divided by the number of values.

Sample Data

A subset of data collected from a larger population, used for analysis and inference.

Frequency Distribution

A mathematical representation showing the number of occurrences of each unique value in a dataset.

Standard Deviation

A method for assessing the level of spread or diversity among a set of data figures.