A Company Received a Bank Statement Showing a Balance of $75,100

question 57

Multiple Choice

A company received a bank statement showing a balance of $75,100. Reconciling items included outstanding checks of $2,250, and a deposit in transit of $9,500. What is the company's adjusted bank balance?

• A)$63,350
• B)$67,850
• C)$82,350
• D)$65,600

---

Definitions:

Apparel Industry

The sector of the economy that is involved in the design, production, and distribution of clothing and accessories.

Cotton

A natural fiber harvested from the cotton plant, used primarily in the textile industry for making fabrics.

Water Usage

The act of using water for various purposes, including domestic, agricultural, industrial, and recreational activities, which can have significant environmental and economic implications.

Corporate Social Responsibility (CSR)

A self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.