The Following Information Is Needed to Reconcile the Cash Balance

question 47

Multiple Choice

The following information is needed to reconcile the cash balance for Fire Steel Ltd:
? A deposit of $5500 is in transit.
? Outstanding cheques total $1500.
? The book balance is $6500 at 28 February 2017.
? The bookkeeper recorded a $1800 cheque as $17,100 in payment of the current month's rent.
? The bank balance at 28 February 2017 was $19,040.
? A deposit of $500 was credited by the bank for $5000.
? A dishonoured cheque from a customer for $3200 was returned by the bank.
? The bank service charge is $60.
What was the adjusted bank balance?

• A)$19,100
• B)$18,540
• C)$18,660
• D)$18,600

---

Definitions:

Marketing Dashboard

A visual representation tool that displays key marketing metrics and KPIs to monitor the performance and effectiveness of marketing strategies.

Marketing Program

A coordinated set of activities or strategies designed to achieve marketing objectives and satisfy customer needs.

Engagement Optimization

Engagement optimization refers to the strategies and processes aimed at increasing the involvement and satisfaction of users or customers with a service, product, or brand.

Performance Aspects

The various elements or factors that contribute to the effectiveness or success of a product, service, or activity.