A Company's Cash Account Shows an Ending Balance of $4,200

question 154

Multiple Choice

A company's Cash account shows an ending balance of $4,200.Reconciling items included a bookkeeper error of $50 (a $550 check recorded as $600) ,two outstanding checks totaling $810,a service charge of $25,a deposit in transit of $280,and interest revenue of $33.What is the adjusted book balance?

• A) $4,142
• B) $3,670
• C) $4,258
• D) $4,730

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Definitions:

Certification Hearing

A legal proceeding in which a court determines whether a lawsuit meets the necessary criteria to be treated as a class action.

Provincial Labour Relations Board

A tribunal in a province responsible for overseeing labor disputes, union certifications, and fair employment practices.

Just Cause

The onus on the employer to establish grounds for termination of an employee without notice.

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a union in negotiations and labor discussions.