Schwinn Company Assembled the Following Information in Completing Its March

question 116

Multiple Choice

Schwinn Company assembled the following information in completing its March bank reconciliation: $$\begin{array} { l r } \text { Balance per bank } & \$ 12,224 \\\text { Outstanding checks } & 2,480 \\\text { Deposits in transit } & 4,000 \\\text { NSF check } & 256 \\\text { Bank service charges } & 80 \\\text { Cash balance per books } & 14,080\end{array}$$ As a result of this reconciliation Schwinn will

• A)reduce its cash account by $1520.
• B)reduce its cash account by $80.
• C)increase its cash account by $176.
• D)reduce its cash account by $336.

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Definitions:

Mania

A mental health condition characterized by periods of extremely high energy, euphoria, or irritability, often seen in bipolar disorder.

Storge

A term describing love or affection, often focusing on the type of familial or platonic love that develops gradually from friendship.

Agape

A selfless, sacrificial, unconditional love, often seen as the highest form of love in certain philosophical and religious contexts.

Reciprocation

The act of returning or exchanging feelings, actions, or items of similar value between people or groups.