Answer:
$11,160
Explanation:
The computation of the adjusted balance on the bank reconciliation is shown below:
For Bank balance
= Balance per bank + Deposit in transit - Outstanding checks
= $14,400 +$2,120 - $5,360
= $11,160
For book balance:
= Balance per company records - NSF checks - Bank service charges
= $12,005 - $780 - $65
= $11,160
Answer:
D
Explanation:
Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the three economic goals the Congress has instructed the Federal Reserve to pursue.
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