A Company Received a Bank Statement with a Balance of $6,000.Reconciling

question 150

Multiple Choice

A company received a bank statement with a balance of $6,000.Reconciling items included a bookkeeper error of $300-a $300 check recorded as $800-two outstanding checks totaling $840,a service charge of $21,a deposit in transit of $250,and interest revenue of $19.What is the adjusted bank balance?

• A)$4,950
• B)$5,110
• C)$4,608
• D)$5,410

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Definitions:

Organizational Culture

The collection of values, behaviors, beliefs, and norms that influences how individuals within an organization interact and work.

Ricardo Semler

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Organizational Culture

An assortment of mutual goals, values, attitudes, and customs that typify a specific institution or organization.

Allocation of Rewards

The process of determining how rewards, recognition, and resources are distributed among individuals or groups in an organization.