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:

Organic Product

A molecule that has been produced as a result of an organic reaction, prominently featuring carbon atoms in its structure.

Reaction

A process in which substances, the reactants, are converted into different substances, the products, involving rearrangement of atomic or molecular structures.

Gilman Reagent

Organometallic compounds of the form R2CuLi, utilized in organic chemistry for carbon-carbon bond formation reactions.

3-Methylpentane

An organic compound that is a branched alkane with six carbon atoms, where the methyl group is attached to the third carbon.