The following information is available for Jack's, Inc. for the current month
Book balance end of month $7,000
Outstanding checks 675
Deposits in transit 4,000
Service charges 80
Interest revenue 40
What is the adjusted book balance on the bank reconciliation?
A) $10,205
B) $7,635
C) $6,880
D) $6,960
D .Book balance = $7,000 - $80 + $40 = $6,960
Business
You might also like to view...
All of the following are valid means of triangulation, EXCEPT:
a. using multiple methods of data collection. b. cross-researcher reliability. c. having multiple researchers analyze the data. d. collecting data in different time periods. e. analyzing data at two different time periods.
Business
The Internet bandwidth used by countries around the world has now been standardized
Indicate whether the statement is true or false
Business