Dreammaker Kitchens the Following Information Relates to the Company's November

question 126

Multiple Choice

Dreammaker Kitchens The following information relates to the company's November bank reconciliation:
$\begin{array}{ll} \text { Bank statement balance } &\$ 10,700 \\ \text { Unadjusted cash balance from the companys records } &? \\ \text { Deposit in trensit } &2,100 \\ \text { Outstanding checks } &1,200 \\ \text { Bank service charges } &300 \\ \text { Interest earned on the bank account } &100 \\ \text { Customen's NSF check returned by the bank } &400\end{array}$
-Refer to Dreammaker Kitchens.What was the company's unadjusted cash balance on November 30th before the bank reconciliation process was undertaken?

• A)$10,700
• B)$11,300
• C)$12,200
• D)$11,600

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Definitions:

Evaluation-reward System

A structured process where an organization assesses the performance of its employees and provides rewards based on the outcomes, aiming to motivate and increase effectiveness.

Organizational Control Systems

Mechanisms established within an organization to ensure that actions and outputs align with the goals and standards set by management.

Control Subsystems

Components within a larger control system that work together to monitor and regulate conditions to maintain the desired state or output.

Policies and Procedures

Are formal guidelines and rules established by an organization to regulate its operations and behavior within its workforce.