Macrinez Company Assembled the Following Information in Completing Its July

question 31

Multiple Choice

Macrinez 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, Macrinez will

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

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