The Following Information Is Needed to Reconcile the Cash Balance

question 86

Multiple Choice

The following information is needed to reconcile the cash balance for Woods Paper Products. • A deposit of $5,794.62 is in transit.
• Outstanding checks total $1,533.25.
• The book balance is $5,695.62.
• The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rent.
• The bank balance at February 28,2008 was $16,500.25.
• A deposit of $300 was credited by the bank for $3,000.
• A customer's check for $1,280 was returned for nonsufficient funds.
• The bank service charge is $70.
-
What was the adjusted bank balance?

• A) $6,472.38
• B) $18,061.62
• C) $9,355.63
• D) $14,938.88

---

Definitions:

Biopsychology

The study of how biological processes influence behaviors, feelings, and thoughts.

Cognitive Psychology

A branch of psychology focused on studying mental processes such as perception, memory, thought, and problem-solving.

Behavioral Psychology

A branch of psychology that focuses on the study and alteration of people's behaviors, including their actions, emotions, and thoughts.

NK Cells

Natural Killer cells, a type of white blood cell that plays a crucial role in the immune system by targeting and destroying virally infected cells and tumors.