Multiple Choice
Carothers Company assembled the following information in completing its March bank reconciliation: balance per bank $7,640; outstanding checks $1,550; deposits in transit $2,500; NSF check $160; bank service charge $50; cash balance per books $8,800. As a result of this reconciliation, Carothers will
A) reduce its cash account by $50.
B) reduce its cash account by $210.
C) reduce its cash account by $950.
D) increase its cash account by $110.
Correct Answer:
Verified
Correct Answer:
Verified
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