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:

Dominance

The phenomenon whereby an individual asserts control in a social or ecological context.

Leadership Role

A position that requires guiding, directing, and influencing the behavior and work of others towards achieving specific goals.

Vocational Fit

The degree to which a person's skills, interests, and values align with their chosen profession or job.

Personality Mismatches

Situations where there is a lack of alignment between an individual's personality traits and the demands or culture of their environment.