A Company Received a Bank Statement Showing a Balance of $78,000.Reconciling

question 126

Multiple Choice

A company received a bank statement showing a balance of $78,000.Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400.What is the company's adjusted bank balance?

• A)$66,200
• B)$71,000
• C)$85,000
• D)$68,600

---

Definitions:

Employment Insurance

A government program that provides temporary financial assistance to unemployed workers who have lost their jobs.

Social Citizenship

A concept referring to the rights and responsibilities of citizens in a welfare state, emphasizing access to social welfare benefits and participation in society.

Political Citizenship

The status and rights granted to individuals as members of a political community, including participation in its political and civic life.

Civil Citizenship

Rights and duties pertaining to individual freedom, such as freedom of speech, the right to a fair trial, and the right to privacy.