The Ending Bank Statement Balance for November Is $9,845

question 122

Multiple Choice

The ending bank statement balance for November is $9,845. The bank statement shows a service charge of $95, electronic funds receipts of $500, and a NSF check for $350. Deposits in transit total $2,050 and outstanding checks are $1,835. What is the adjusted bank balance?

• A) $8,900
• B) $10,060
• C) $10,115
• D) $13,730

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Definitions:

Downsizing

The act of reducing the size of a company's workforce intentionally to optimize operations and reduce costs.

Procedures

Established methods or sequences of actions for conducting activities or completing tasks within an organization.

Downsizing Strategies

Approaches or plans developed by organizations to reduce their workforce and operational costs in order to improve efficiency and profitability.

Systematic Change

A planned and deliberate effort to bring about significant transformations within an organizational or systemic level, affecting processes, structures, and cultures.