A Company Received a Bank Statement Showing a Balance of $75,000.Reconciling

question 125

Multiple Choice

A company received a bank statement showing a balance of $75,000.Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,500.What is the company's adjusted bank balance?

• A)$63,100
• B)$67,900
• C)$82,100
• D)$65,500

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Definitions:

Intellectual Impairment

A condition characterized by significant limitations both in intellectual functioning and in adaptive behavior, originating before the age of 18.

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, affecting sleep, hormone production, and other bodily functions.

Bright Lights

Intense or high levels of illumination, which can affect mood and alertness and are used therapeutically in treating conditions like seasonal affective disorder.

Night Shift

A work shift that takes place during the nighttime hours, typically involving work hours that occur when most people are asleep.