Question: In a cut - off bank statement, an NSF check appears. The check was written by the customer of the audit client, deposited into the

In a cut-off bank statement, an NSF check appears. The check was written by the customer of the audit client, deposited into the client's bank account on December 27.The check was not designated NSF until January 7 of the following year. What is the impact on the client's year end cash balance as a result of this information?
Group of answer choices
Cash should be increased by the amount of the NSF check.
There is no impact to the cash account.
More information is necessary to reach a conclusion.
Cash should be reduced by the amount of the NSF check.

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