Multiple Choice
Bertram Company assembled the following information in completing its May bank reconciliation: balance per bank ₤23,460 outstanding checks ₤5,325; deposits in transit ₤3,750; NSF check ₤2,040; bank service charge ₤75; cash balance per books ₤24,000. As a result of this reconciliation, Bertram will
A) reduce its cash account by ₤75.
B) reduce its cash account by ₤2,115.
C) increase its cash account by ₤1,575.
D) increase its cash account by ₤540.
Correct Answer:
Verified
Correct Answer:
Verified
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