Multiple Choice
Macrinez Company assembled the following information in completing its July bank reconciliation: balance per bank $22,920; outstanding checks $4,650; deposits in transit $7,500; NSF check $480; bank service charge $150; cash balance per books $26,400.As a result of this reconciliation, Macrinez will
A) reduce its cash account by $150.
B) reduce its cash account by $630.
C) reduce its cash account by $2,850.
D) increase its cash account by $330.
Correct Answer:
Verified
Correct Answer:
Verified
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