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:

Freud

Sigmund Freud, an Austrian neurologist known for founding psychoanalysis, a method for treating psychopathology through dialogue.

Cohort Effect

The influence of being part of a group of people born around the same time, affecting the beliefs, behaviors, and outcomes of that group due to their shared experiences.

Cross-Sectional Research

A research method that analyzes data from a population, or a representative subset, at a specific point in time.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of human beings, which outlines eight stages from infancy to adulthood.