Company assembled the following information in completing it is my bank reconciliation balance Per bank 3820, outstanding check 775, deposit in transit 1250, NSF check 80; bank service charge 25; credit memo form bank 80, cash balance per book 4400. as a result of this recognition company will? a. Reduce it cash account by 105 b. Reduce it's cash account by 25 c. Reduce its cash account by 475 d. Increase its cash account by 80
Company assembled the following information in completing it is my bank reconciliation balance Per bank 3820, outstanding check 775, deposit in transit 1250, NSF check 80; bank service charge 25; credit memo form bank 80, cash balance per book 4400. as a result of this recognition company will? a. Reduce it cash account by 105 b. Reduce it's cash account by 25 c. Reduce its cash account by 475 d. Increase its cash account by 80
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Company assembled the following information in completing it is my bank reconciliation balance Per bank 3820, outstanding check 775, deposit in transit 1250, NSF check 80; bank service charge 25; credit memo form bank 80, cash balance per book 4400. as a result of this recognition company will?
a. Reduce it cash account by 105
b. Reduce it's cash account by 25
c. Reduce its cash account by 475
d. Increase its cash account by 80
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