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Curate Company Assembled the Following Information in Completing Its May

Question 31

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Curate Company assembled the following information in completing its May bank reconciliation:  Balance per bank $13,224 Outstanding checks 2,480 Deposits in transit 4,000 NSF check 256 Bank service charges 80 Cash balance per books 15,080\begin{array} { l r } \text { Balance per bank } & \$ 13,224 \\\text { Outstanding checks } & 2,480 \\\text { Deposits in transit } & 4,000 \\\text { NSF check } & 256 \\\text { Bank service charges } & 80 \\\text { Cash balance per books } & 15,080\end{array} Use the following tabular analysis to determine the required adjustments to Curate's accounts for the deposits in transit:  Curate Company assembled the following information in completing its May bank reconciliation:  \begin{array} { l r }  \text { Balance per bank } & \$ 13,224 \\ \text { Outstanding checks } & 2,480 \\ \text { Deposits in transit } & 4,000 \\ \text { NSF check } & 256 \\ \text { Bank service charges } & 80 \\ \text { Cash balance per books } & 15,080 \end{array}  Use the following tabular analysis to determine the required adjustments to Curate's accounts for the deposits in transit:   A) Increase Cash by $4000. B) Increase Cash by $1520. C) Increase Cash by $336. D) No adjustment is required by Curate for the deposits in transit.


A) Increase Cash by $4000.
B) Increase Cash by $1520.
C) Increase Cash by $336.
D) No adjustment is required by Curate for the deposits in transit.

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