New Store Has the Following Information at August 31: •

question 132

Multiple Choice

New Store 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.
• Checks #1572,1606,and 1548,totaling $2,356,were not shown on the bank statement,even though the company had sent the checks.
What is the adjusted bank balance at August 31?

• A)$8,144
• B)$10,500
• C)$13,444
• D)$14,817

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Definitions:

Waste Material

Unwanted or discarded substances resulting from industrial, commercial, domestic, or agricultural activities.

Outermost Zone

The furthest layer or area, often used in context with geographical locations or structures.

Earth's Mantle

is the layer of the Earth located between the crust and the outer core, composed of silicate rocks that are rich in magnesium and iron, and participates in tectonic processes.

Inorganic Compound

A compound that is not based on hydrocarbon chains or rings but instead consists of elements other than carbon and hydrogen, often including metals.