Multiple Choice
A company received a bank statement showing a balance of $75,000.Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,500.What is the company's adjusted bank balance?
A) $63,100
B) $67,900
C) $82,100
D) $65,500
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: A check was written by a business
Q22: A basic principle of internal control over
Q46: Which of the following is an issue
Q87: A streamlined process that bypasses paper documents
Q102: Which of the following describes the risk
Q123: The bookkeeper of Fire Steel,Inc.recorded a
Q152: The controller at Horizon,Inc.needs new computers for
Q155: As proof of the deposit transaction,a customer
Q165: The bank statement reveals an EFT payment
Q207: Which of the following is an attribute