The Following Information Is Needed to Reconcile the Cash Balance

question 157

Multiple Choice

The following information is needed to reconcile the cash balance for Fire Steel Inc. • A deposit of $5,800 is in transit.
• Outstanding checks total $1,500.
• The book balance is $6,800 at February 28, 2013.
• The bookkeeper recorded a $1,740 check as $17,400 in payment of the current month's rent.
• The bank balance at February 28, 2013 was $18,000.
• A deposit of $400 was credited by the bank for $4,000.
• A customer's check for $3,700 was returned for nonsufficient funds.
• The bank service charge is $60.
What was the adjusted book balance?

• A)$18,720
• B)$18,060
• C)$18,700
• D)$18,820

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Definitions:

Health Reminders

Notifications or prompts designed to encourage acts that maintain or improve health, such as medication intake or exercise.

Proper Ergonomics

The science of designing workplaces, products, and systems to fit the people who use them, aiming to increase efficiency and reduce discomfort or risk of injury.

Upper Arms

refers to the portion of the arm between the shoulder and the elbow, containing muscles like the biceps and triceps.

Extended Outward

Stretched or spread out from the central point or core, often describing the physical expansion of objects, limbs, or structures.