A Company Received a Bank Statement with a Balance of $6,400

question 99

Multiple Choice

A company received a bank statement with a balance of $6,400. Reconciling items included a bookkeeper error of $400-a $400 check recorded as $800-two outstanding checks totaling $830, a service charge of $24, a deposit in transit of $260, and interest revenue of $21. What is the adjusted bank balance?

• A) $5,475
• B) $5,430
• C) $5,027
• D) $5,830

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Definitions:

Code-Scanning Technology

Technologies designed to analyze source code or compiled versions of code to identify vulnerabilities, bugs, or compliance issues.

GPS

The Global Positioning System, a satellite-based navigation system that provides location and time information in all weather conditions, anywhere on or near the Earth.

Microprocessors

The central processing units (CPUs) at the heart of computers and many electronic devices, designed to execute commands from computer programs.

Scan Code

A numeric or symbolic representation of a key press on a keyboard, read by the computer's hardware or software.