The Following Information Is Needed to Reconcile the Cash Balance

question 161

Multiple Choice

The following information is needed to reconcile the cash balance for Baker's Dry Cleaning,Inc. • A deposit of $5,700 is in transit.
• Outstanding checks total $1,300.
• The book balance is $6,400 at February 28,2017.
• The bookkeeper recorded a $1,500 check as $17,300 in payment of the current month's rent.
• The bank balance at February 28,2017 was $16,930.
• A deposit of $300 was credited by the bank for $3,000.
• A customer's check for $3,500 was returned for nonsufficient funds.
• The bank service charge is $70.
What was the adjusted book balance?

• A)$18,700
• B)$17,000
• C)$18,630
• D)$18,770

Identify the role of communication in team dynamics and virtual teams.

Understand the impact of diversity and cultural aspects on communication.

Recognize the importance of communication technologies and social media in organizational settings.

Understand the concept of cultural competence in a global workplace.

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