A Company Received a Bank Statement Showing a Balance of $76,000.Reconciling

question 153

Multiple Choice

A company received a bank statement showing a balance of $76,000.Reconciling items included outstanding checks of $2,000 and a deposit in transit of $9,100.What is the company's adjusted bank balance?

• A) $64,900
• B) $68,900
• C) $83,100
• D) $66,900

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Definitions:

Lawsuit

A legal action taken by one party against another in a court of law, usually seeking compensation for damages or enforcement of a right.

Duty

A moral or legal obligation; a responsibility.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing to be legally enforceable.

Signature

The act of signing one's name or a unique mark made by an individual on a document as a proof of identity and intent.