A Company Received a Bank Statement Showing a Balance of $79,000

question 95

Multiple Choice

A company received a bank statement showing a balance of $79,000. Reconciling items included outstanding checks of $2,300 and a deposit in transit of $9,400. What is the company's adjusted bank balance?

• A) $67,300
• B) $71,900
• C) $86,100
• D) $69,600

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Definitions:

Zulu

Refers to the ethnic group of people with the largest population in South Africa, known for their rich cultural heritage and history, including military conflicts with British colonial forces.

Aboriginal People

Indigenous peoples who are the original inhabitants of a region, before colonization or settlement by others.

Liberty Of Contract

A judicial concept of the late nineteenth and early twentieth centuries whereby the courts overturned laws regulating labor conditions as violations of the economic freedom of both employers and employees.

Socioeconomic Groups

Categories of people sharing similar levels of wealth, income, education, and occupational status, impacting their social and economic experiences.