The Following Information Is Available for Jack's Unlimited Company for the Current

question 54

Multiple Choice

The following information is available for Jack's Unlimited Company for the current month.
$$\begin{array} { | l | l | } \hline \text { Book balance end of the month } & \$ 7100 \\\hline \text { Outstanding cheques } & 700 \\\hline \text { Deposits in transit } & 4000 \\\hline \text { Service charges } & 95 \\\hline \text { Interest revenue } & 35 \\\hline\end{array}$$
What is the adjusted book balance on the bank reconciliation?

• A) $10,270
• B) $7040
• C) $7740
• D) $6970

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Definitions:

Optimize

To make the best or most effective use of a situation, opportunity, or resource.

Propagate

To spread and promote an idea, theory, or knowledge widely.

Genes

Segments of DNA located on chromosomes that carry hereditary information.

Innate Human Characteristic

A trait or ability that is naturally present in humans from birth, not acquired through learning.