scenario 6: the daily grind coffee house\nan accountant is reviewing the following notes to reconcile the…

scenario 6: the daily grind coffee house\nan accountant is reviewing the following notes to reconcile the cash account for the daily grind as of march 31:\nthe ending balance per the bank statement is $14,500.\nthe ending balance per the companys cash account is $14,780.\na night deposit of $2,200 was made on march 31 and does not appear on the statement.\nchecks #881 ($1,500) and #884 ($350) have not yet cleared the bank.\nthe bank statement shows a monthly account maintenance fee of $30.\ninterest earned for the month was $100, according to the bank statement.\nwhich check # would be the best logical choice to represent the rent amount paid by the business?\n350\n884\n1500\n881

scenario 6: the daily grind coffee house\nan accountant is reviewing the following notes to reconcile the cash account for the daily grind as of march 31:\nthe ending balance per the bank statement is $14,500.\nthe ending balance per the companys cash account is $14,780.\na night deposit of $2,200 was made on march 31 and does not appear on the statement.\nchecks #881 ($1,500) and #884 ($350) have not yet cleared the bank.\nthe bank statement shows a monthly account maintenance fee of $30.\ninterest earned for the month was $100, according to the bank statement.\nwhich check # would be the best logical choice to represent the rent amount paid by the business?\n350\n884\n1500\n881

Answer

Brief Explanations:

Rent is usually a relatively large - sized regular expense. Among the two uncleared checks, check #881 for $1,500 is larger than check #884 for $350. So it is more likely to represent rent.

Answer:

D. 881