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

question 152

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 the information provided for Delco Construction.What is the company's adjusted cash balance at March 31st?

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

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Definitions:

Variation

The occurrence of an organism, trait, or gene in more than one form, leading to diversity within a population.

Statistic

A numerical datum or piece of data derived from a study of a large quantity of numerical data, used for analyzing features of that population.

p < .05

A statistical term indicating that the probability of the observed data, or more extreme, under the null hypothesis is less than 5%, suggesting the results are statistically significant.

Probability

A measure of the likelihood of a particular event or outcome occurring, expressed on a scale from 0 (impossibility) to 1 (certainty).