Rodgers Company Gathered the Following Reconciling Information in Preparing Its

question 156

Multiple Choice

Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted cash balance per books on May 31.
$\begin{array}{|l|r|}\hline \text { Cash balance per books, } 5 / 31 & \$ 5,400 \\\hline \text { Deposits in transit } & 375 \\\hline \text { Notes receivable and interest collected by bank } & 650 \\\hline \text { Bank charge for check printing } & 40 \\\hline \text { Outstanding checks } & 2,400 \\\hline \text { NSF check } & 140 \\\hline\end{array}$

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Definitions:

Tight Money Policy

A monetary policy strategy used by central banks to slow economic growth by increasing interest rates and reducing the supply of money.

Government Bonds

Fixed-income securities issued by a government to support government spending, typically offering a regular interest payment and repayment of the principal at maturity.

Easy Money

A monetary policy stance characterized by low interest rates and high availability of credit to encourage economic growth.

Exports

Products or services made in one country and purchased by consumers in a different country, adding to the exporting nation's overall economic output.