Multiple Choice
A company received a bank statement showing a balance of $78,000.Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400.What is the company's adjusted bank balance?
A) $66,200
B) $71,000
C) $85,000
D) $68,600
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Which of the following is an objective
Q87: A streamlined process that bypasses paper documents
Q130: The following information is needed to reconcile
Q133: Which of the following is included in
Q181: Why is it necessary to journalize transactions
Q197: The Public Company Accounting Oversight Board oversees
Q213: Which of the following items are reconciling
Q226: The bank made an EFT payment of
Q233: A _ is a document explaining the
Q255: For the following situation,state whether it represents