Macrinez Company assembled the following information in completing its July bank reconciliation: balance per bank $22,920;...
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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 O reduce its cash account by $150. O increase its cash account by $330. O reduce its cash account by $630. O reduce its cash account by $2,850. 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 O reduce its cash account by $150. O increase its cash account by $330. O reduce its cash account by $630. O reduce its cash account by $2,850.
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Unadjusted Balance as per bank 22920 Add Deposit in transit ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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