Tavarez Company Assembled the Following Information in Completing Its July

question 86

Multiple Choice

Tavarez 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, Tavarez will

• A) reduce its cash account by $2,850.
• B) reduce its cash account by $150.
• C) increase its cash account by $330.
• D) reduce its cash account by $630.

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Definitions:

Product Line Depth

The range of variations, such as size, color, or other attributes, offered for a particular product line.

Zappos

An online retail company known for its wide selection of shoes and clothing, along with a strong focus on customer service.

Significant Inventory

Significant Inventory refers to a large amount of stock on hand, indicating the accumulation of products that a business has available for sale or production purposes.

Brand Associations

The thoughts, feelings, perceptions, and beliefs that consumers have about a brand, as connected in the consumer's memory.