A Company Received a Bank Statement Showing a Balance of $75,100

question 57

Multiple Choice

A company received a bank statement showing a balance of $75,100. Reconciling items included outstanding checks of $2,250, and a deposit in transit of $9,500. What is the company's adjusted bank balance?

• A)$63,350
• B)$67,850
• C)$82,350
• D)$65,600

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Definitions:

Affective Action

Actions motivated by feelings, emotions, or affective states rather than rational calculations or norms.

Historical

Pertaining to or concerned with the study of past events and times.

Past Epochs

Past periods or ages in history characterized by distinctive features or events, often used to discuss the evolution of societies or civilizations.

Ideal Type

A conceptual tool used in sociology, created by Max Weber, that serves as a model for understanding social phenomena by emphasizing the most significant characteristics, often to compare real situations against an idealized or pure form.