Schwinn Company Assembled the Following Information in Completing Its March

question 56

Multiple Choice

Schwinn Company assembled the following information in completing its March bank reconciliation: $$\begin{array} { l r } \text { Balance per bank } & \$ 15,280 \\\text { Outstanding checks } & \$ 3,100 \\\text { Deposits in transit } & \$ 5,000 \\\text { NSF check } & \$ 320 \\\text { Bank service charge } & \$ 100 \\\text { Cash balance per books } & \$ 17,600\end{array}$$ As a result of this reconciliation, Schwinn will

• A) reduce its cash account by $1,900.
• B) reduce its cash account by $100.
• C) increase its cash account by $220.
• D) reduce its cash account by $420.

---

Definitions:

Unauthorized Practice of Law

The act of engaging in law-related activities by an individual or entity not authorized or licensed to practice law in a jurisdiction.

Statutes Prohibiting

Laws enacted by a legislative body that specifically forbid certain actions or activities.

Substantive Legal Work

Legal work that involves the direct application of law or legal principles as opposed to administrative or clerical tasks.

Hourly Rate

The amount of money charged or paid for each hour of work or service.