Multiple Choice
Tavarez Company assembled the following information in completing its July bank reconciliation: balance per bank $15,280; outstanding checks $3,100; deposits in transit $5,000; NSF check $320; bank service charge $100; cash balance per books $17,600.As a result of this reconciliation, Tavarez will
A) reduce its cash account by $1,900.
B) reduce its cash account by $100.
C) increase its cash account by $220.
D) reduce its cash account by $420.
Correct Answer:
Verified
Correct Answer:
Verified
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