The Following Information Is Needed to Reconcile the Cash Balance

question 85

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 bank balance?

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

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Definitions:

Narcolepsy

A chronic neurological disorder that affects the brain's ability to control sleep-wake cycles, often resulting in periods of extreme daytime sleepiness and sudden sleep attacks.

Rapid

Occurring in a short time or at a great speed.

Rhythmic Brain-Wave

Oscillations in electrical activity within the brain that are part of its normal functioning, often associated with different states of consciousness.

REM Sleep

The sleep stage associated with vivid dreaming, marked by rapid movements of the eyes, and considered important for emotional regulation and memory.