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:

Proposition

A declarative sentence that can be either true or false but not both.

Hypothetical Syllogism

A logical argument form where two conditional statements lead to a conclusion, essentially connecting the antecedent of one to the consequent of the other.

Modus Ponens

A form of deductive reasoning that allows one to conclude a certain proposition if a conditional statement (if-then) is true and its antecedent is true.

Modus Tollens

A form of logical argument where the denial of the consequent leads to the denial of the antecedent; typically structured as "If P, then Q. Not Q, therefore not P."