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:

Differentiated Self

This concept involves the development of a personal identity that is distinct and separate from others, with clear boundaries and a strong sense of autonomy.

Differentiated Self

Differentiated self is a concept in psychology that describes the process of defining oneself as separate from others, with independent thoughts, feelings, and actions.

Self-Esteem

The degree to which a person holds themselves in esteem or regard, often influencing psychological health.

Possible Self

An individual's conception of themselves in the future, including hopes, fears, and goals, influencing motivation and behavior.