Multiple Choice
Osborn Company assembled the following information in completing its March bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75; cash balance per books $13,200. As a result of this reconciliation, Osborn will
A) reduce its cash account by $1,425.
B) reduce its cash account by $75.
C) increase its cash account by $165.
D) reduce its cash account by $315.
Correct Answer:
Verified
Correct Answer:
Verified
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