In Reconciling a Bank Statement,the Bank Statement Balance Is $1,000

question 90

Multiple Choice

In reconciling a bank statement,the bank statement balance is $1,000 and the balance per books is $1,205.A bank service charge is $5; a deposit in transit totals $500; and outstanding checks total $300.The journal entry for a bank service charge would include

• A) debiting Cash and crediting Miscellaneous Expense.
• B) debiting Cash and crediting Owner's Capital.
• C) debiting Accounts Payable and crediting Cash.
• D) debiting Miscellaneous Expense and crediting Cash.

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Definitions:

Creative Behavior

Involves doing things at work that are innovative and that provide some value for the organization.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on their expectations of outcomes and the attractiveness of those outcomes.

Interval Schedules

Are partial reinforcement schedules in which behavior is reinforced as a function of the passage of time—for example, rewarding someone every 10 minutes as long as they were exhibiting desired behavior.

Ratio Schedules

In the context of behavioral psychology, it's a reinforcement strategy where a response is reinforced after a specific number of responses.