Bank balance is $38,400, deposits in transit are $6,200, and outstanding checks are $4,750. What adjusted bank balance results?
Correct Answer
B) $39,850.
Adjusted bank balance is $38,400 + $6,200 - $4,750 = $39,850.
Why This Is the Correct Answer
Adjusted bank balance is $38,400 + $6,200 - $4,750 = $39,850.
Why the Other Options Are Wrong
Option A: $37,950.
$37,950. is below the supported result for bank reconciliation; it likely uses the wrong base, period, or account bucket.
Option C: $44,600.
$44,600. is above the supported result for bank reconciliation; it likely adds an unsupported amount or compares the wrong financial base.
Option D: $49,350.
$49,350. is above the supported result for bank reconciliation; it likely adds an unsupported amount or compares the wrong financial base.
Memory Technique
Adjusted and balance live in different drawers; Reconciling Operating tells which opens.
Reference Hint
Study anchor (closed-book): memorize Bank reconciliation from CSLB Law and Business Study Guide; California tax and payroll guidance / CSLB Law and Business Study Guide Business Finances; know the rule or calculation trigger without relying on exam-room lookup.
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