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Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. O reduce its cash account by $80. O increase its cash account by $186. O reduce its cash account by $346.

Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. O reduce its cash account by $80. O increase its cash account by $186. O reduce its cash account by $346.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.4E
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Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. reduce its cash account by $80. increase its cash account by $186. reduce its cash account by $346. O O O O
Transcribed Image Text:Tamarisk, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $14792 Outstanding checks $2580 Deposits in transit $4200 NSF check $266 Bank service charge $80 Cash balance per books $14640 As a result of this reconciliation, Tamarisk will reduce its cash account by $1620. reduce its cash account by $80. increase its cash account by $186. reduce its cash account by $346. O O O O
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