The Cash Account in the Ledger of Clear Windows Shows

question 72

Multiple Choice

The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a balance of $16,253 at the same date. The only reconciling items consist of a bank service charge of $16, a large number of outstanding checks totaling $6,740, and a deposit in transit.
-Refer to the above data. What is the adjusted cash balance in the September 30 bank reconciliation?

• A) $16,237.
• B) $12,580.
• C) $9,513.
• D) $5,856.

---

Definitions:

Government Spending

The total of all public sector expenditures, including public goods and services provided, and investments made by government agencies.

Federal Government

The national government of a federal country, where powers are divided among a central authority and constituent political units.

Private Investment

Expenditures by private sector entities on means of production, such as infrastructure or equipment, intended to yield future returns.

Prosperity

A state of economic growth and stability, characterized by high levels of employment, income, and consumer confidence.