The August Bank Statement for Midway Company Showed That the Bank

question 131

Multiple Choice

The August bank statement for Midway Company showed that the bank had collected a $5,000 note receivable for the company.Midway Company has not recorded the collection.On the bank reconciliation,the $5,000 should be ________.

• A)added to the balance per books
• B)deducted from the balance per books
• C)added to the balance per bank statement
• D)deducted from the balance per bank statement

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Definitions:

Osteoblasts

Cells with the primary function of synthesizing bone and are responsible for the production of new bone tissue and bone mineralization.

Muscle Contraction

The process by which muscle fibers produce tension and shorten in response to stimulation, enabling movement.

ATP

Adenosine Triphosphate, a molecule that carries energy within cells for metabolism, acting as the primary energy currency in living organisms.

Creatine Phosphate

An energy-storing compound in muscle cells.