Olde Shoppe Has the Following Information at August 31: •

question 10

Multiple Choice

Olde Shoppe has the following information at August 31: • Two deposits made on August 31 were not on the bank statement,totaling $5,300.
• The bank collected an EFT payment on a note receivable for $2,750.Of this amount,$150 represented interest on the note.
• August 31 balance in Cash was $11,677.
• The bookkeeper forgot to record check #1578 for $843 which was cashed by the bank on August 15th.
• The balance on the bank statement as of August 31 was $10,500.
• A check printing fee of $40 was shown on the bank statement.NSF check $100.
What is the adjusted book balance at August 31?

• A)$11,667
• B)$13,444
• C)$13,584
• D)$14,427

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Definitions:

Pulling Information

The process of actively seeking out specific data or details from various sources.

Levels of Processing

A theory suggesting that memory retention is influenced by the depth of mental processing, with deeper, more meaningful processing leading to better recall.

Visual Imagery

The process of forming mental images or visual representations, often used in memory and creative processes.

Encoding

The initial process of converting information into a form that can be stored in memory, often involving attention and understanding.