A Bank Statement Shows a Balance of $8,445 at June

question 202

Multiple Choice

A bank statement shows a balance of $8,445 at June 30. A bank reconciliation is prepared and includes outstanding checks of $2,790, deposits in transit of $1,350, and a bank service charge of $30. Among the paid checks returned by the bank was check no. 900 in the amount of $600, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is:

• A) $6,975.
• B) $6,465.
• C) $7,005.
• D) $7,575.

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Definitions:

Colonial History

The study of the period in which countries were controlled and settled by foreign powers.

Permanent Settlement

A long-term or enduring establishment of communities in a particular area, often involving the construction of infrastructure and development of the land for agriculture or urbanization.

St. Augustine

A city in Florida, established in 1565, known for being the oldest continuously inhabited European-established settlement within the borders of the United States.

Social Script

A culturally modeled guide for how to act in various situations.