Multiple Choice
Bertram Company assembled the following information in completing its May bank reconciliation: balance per bank ₤7,820 outstanding checks ₤1,775; deposits in transit ₤1,250; NSF check ₤680; bank service charge ₤25; cash balance per books ₤8,000.As a result of this reconciliation, Bertram will
A) Reduce its cash account by ₤25.
B) Reduce its cash account by ₤705.
C) Increase its cash account by ₤525.
D) Increase its cash account by ₤180.
Correct Answer:
Verified
Correct Answer:
Verified
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