X Company Used the Following Items to Complete Its Bank

question 136

Multiple Choice

X Company used the following items to complete its bank reconciliation for the month of October: ∙ Deposits in transit were $2,500
∙ Outstanding checks totaled $1,100
∙ Bank service charges were $10
∙ The company correctly wrote a check for $192,but mistakenly recorded the check as $129 on its books.The bank cashed the check correctly for $192.
∙ A customer's check for $50 was returned by the bank,NSF
According to the bank statement,the cash balance was $10,000.How much cash should X Company show on its October 31 balance sheet?

• A)$10,000
• B)$11,350
• C)$11,400
• D)$12,500

---

Definitions:

Prevalence

The proportion of a population found to have a particular condition or characteristic at a specific time.

Depression

A common and serious mood disorder characterized by persistent feelings of sadness, emptiness, or hopelessness, often accompanied by physical symptoms.

Korsakoff's Syndrome

A chronic memory disorder caused by severe deficiency of thiamine, most often associated with alcohol abuse.

Anorexia Nervosa

A serious mental health disorder characterized by an intense fear of gaining weight and a distorted body image, leading to excessive weight loss and inadequate food intake.