Delco Construction the Following Items Relate to the Company's March

question 64

Multiple Choice

Delco Construction The following items relate to the company's March bank reconciliation:
$\begin{array}{ll} \text { Bank statement balance } &\$ 29,600 \\ \text { Unadjusted cash balance ac cording to company records } &? \\ \text { Deposit in trensit } &2,200 \\ \text { Outstanding checks } &3,100 \\ \text { Bank service charges } &200 \\ \text { Interest earned on the bank account } &100 \\ \text { Customen's NSF check returned by the bank } &300\end{array}$
-Refer to Delco Construction.What is the company's unadjusted cash balance in its accounting records at March 31st before the reconciliation was completed?

• A)$28,700
• B)$29,100
• C)$28,300
• D)$29,600

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Definitions:

Government Export Approval

An official authorization required for goods to be sent out of a country.

Disclose Fee

A charge that must be paid, which is revealed or made known to a party, typically in transactions involving services or financial products.

Financing

The process of providing or securing funds necessary for a purchase, project, or investment.

Principal

The original amount of a debt or investment, exclusive of any interest or growth.