Mendez Company Assembled the Following Information in Completing Its July

question 207

Multiple Choice

Mendez Company assembled the following information in completing its July bank reconciliation: balance per bank $22920; outstanding checks $5640; deposits in transit $7300; NSF check $420; bank service charge $95; cash balance per books $26400. As a result of this reconciliation Mendez will

• A) reduce its cash account by $95.
• B) reduce its cash account by $515.
• C) reduce its cash account by $1660.
• D) increase its cash account by $325.

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Definitions:

Procedure

A specific way of performing or executing a task or operation, often in a scientific or medical context.

Main Term

A primary or central word that defines the subject under discussion.

American Hospital Formulary

A reference to a list or database of approved medications that can be used within a hospital or healthcare system, guiding medication therapy.

Tabular List

A systematic arrangement of data, usually numbers, in rows and columns for easy reference and analysis.