A Company Received a Bank Statement Showing a Balance of $76,000.Reconciling

question 153

Multiple Choice

A company received a bank statement showing a balance of $76,000.Reconciling items included outstanding checks of $2,000 and a deposit in transit of $9,100.What is the company's adjusted bank balance?

• A) $64,900
• B) $68,900
• C) $83,100
• D) $66,900

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Definitions:

Logistics and Supply Chain Processes

The integrated activities required to plan, control, and execute a product's flow from materials to production to distribution in the most economical way possible.

Process Model

A representation or simulation of an actual process, detailing the steps and sequences involved, often used for analysis, optimization, and communication.

Logistics and Supply Chain Needs

The requirements and activities involved in the planning, control, and movement of materials, goods, and information from origin to consumption.