Designs on You the Following Information Relates to the Company's

question 31

Multiple Choice

Designs on You The following information relates to the company's May bank reconciliation:
$\begin{array}{ll} \text { Bank statement balance } &\$ 5,000 \\ \text { Unadjusted cash balance from the company records } &? \\ \text { Deposit in trensit } &1,000 \\ \text { Outstanding checks } &500 \\ \text { Bank service charges } &50 \\ \text { Interest earned on the bank account } &10 \\ \text { Customen's NSF check returned by the bank } &25\end{array}$ In addition,a check was recorded in the accounting records as $1,200 but the correct amount as recorded by the bank was only $1,000.

-Refer to Designs on You.What is the company's adjusted cash balance at May 31?

• A)$4,865
• B)$5,000
• C)$5,365
• D)$5,500

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Definitions:

Unit Sales

The total number of individual items or units that a company has sold within a particular period.

Required Units

The quantity of production or inventory that a business must achieve to meet its operational goals or customer demand.

Raw Materials

Basic materials that are used in the manufacturing process to produce goods and products.

January Production

January production refers to the measure of output or the total amount of goods produced by a company in the month of January.