Novak Corp assembled the following information in completing its March bank reconciliation Balance per bank $ 17352 Outstanding checks $ 3030 Deposits in transit $ 4900 NSF check $ 312 Bank service charge $ 100 Cash balance per books $ 17180 As a result of this reconciliation, Novak will reduce its...

Deductions from Book balance ...

Novak Corp. assembled the following information in completing its March bank reconciliation: Balance per bank $ 17352

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Novak Corp. assembled the following information in completing its March bank reconciliation:

Balance per bank		$17352
Outstanding checks		$3030
Deposits in transit		$4900
NSF check		$312
Bank service charge		$100
Cash balance per books		$17180

As a result of this reconciliation, Novak will

reduce its cash account by $1870.

reduce its cash account by $412.

increase its cash account by $212.

reduce its cash account by $100.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jan 17, 2022 03:48 PM

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Novak Corp. assembled the following information in completing its March bank reconciliation: Balance per bank $ 17352

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