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

question 63

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 net amount of the adjustments to the company's cash balance as a result of the bank reconciliation process?

• A)$210 increase
• B)$135 increase
• C)$135 decrease
• D)$65 decrease

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Definitions:

Global Village

A term coined by Marshall McLuhan to describe how the world has been contracted into a village by electric technology and the instantaneous movement of information from every quarter to every point.

Marshall McLuhan

A media theorist and educator known for coining the expressions "the medium is the message" and "global village," and for his insights on how media affects societal structures and cultural perceptions.

Macrosociological

Relating to the study of large-scale societal structures and processes and their impact on individuals and groups.

Microsociological

Relating to the sociological approach that focuses on small-scale interactions and individual processes within society.