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

question 1

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.As a result of the bank reconciliation process,what is the net increase or decrease in cash which must be recorded on the company's books?

• A)$100 decrease
• B)$300 decrease
• C)$400 decrease
• D)$600 decrease

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Definitions:

Record Keeping

The systematic process of organizing and maintaining documents, records, and information to ensure accuracy, accessibility, and compliance.

Composite Methods

Depreciation techniques that combine multiple assets into a single group or pool and apply a uniform depreciation rate to the collective group, irrespective of individual asset life.

Depreciation Expense

Distributing the expense of a physical asset throughout its serviceable duration.