A Company Received a Bank Statement with a Balance of $6,350

question 20

Multiple Choice

A company received a bank statement with a balance of $6,350. Reconciling items included a bookkeeper error of $300-a $300 check recorded as $600-two outstanding checks totaling $820, a service charge of $25, a deposit in transit of $280, and interest revenue of $21. What is the adjusted bank balance?

• A)$5,636
• B)$5,610
• C)$5,016
• D)$5,810

---

Definitions:

Perishable Assets

Assets that have a limited timeframe of usability or relevance, beyond which they decline in value or become obsolete.

Supply Planning

The process of determining how best to fulfill the current and future demand for products with the available supply chain resources.

Revenue Management

The practice of dynamically managing pricing and inventory to maximize revenue based on consumer behavior predictions.

Optimization

The process of making something as fully perfect, functional, or effective as possible, often through mathematical methods.