The Set of Items Below Was Identified in Preparing a Bank

question 40

Multiple Choice

The set of items below was identified in preparing a bank reconciliation for Mars Corp.as of August 31,2017. ?
$$\begin{array} { l r } \text { Bank statement balance } & \$ 19,500 \\\text { Mars's book balance (before adjustments) } & ? \\\text { Outstanding checks } & 2,700 \\\text { Customer's NSF check } & 350 \\\text { Service charges } & 100 \\\text { Deposit in transit } & 1,000 \\\text { Interest earned on checking account } & 60\end{array}$$ Mars Corp.'s balance per books before the reconciliation is

• A)$17,410.
• B)$17,900.
• C)$18,190.
• D)$18,310.

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Definitions:

1866

A year significant for multiple historical events, such as the passing of the Civil Rights Act in the United States, establishing rights for African Americans.

Legislative Power

Refers to the authority to make laws and frame public policies.

Executive Power

The authority held by the executive branch of a government, typically vested in a president or prime minister, to enforce laws and manage national affairs.

Judicial Power

The authority given to courts and judges to interpret and apply the law, decide lawsuits, and in some countries, to review the actions of the executive and legislative branches.