Financial Accounting > EXAM > ACCT 2101 Exam 2 Study Guide Chapters 4, 5, & 7 QUESTIONS WELL ANSWERED UPDATED 2022 (All)
ACCT 2101 Exam 2 Study Guide Chapters 4, 5, & 7 QUESTIONS WELL ANSWERED UPDATED 2022
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Chapter 7 41.Schwinn Company assembled the following information in completing its March bank reconciliation: Balance per bank $15,280 Outstanding checks $3,100 Deposits in transit $5,000 NSF ch ... eck $320 Bank service charge $100 Cash balance per books $17,600 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. (NSF & Bank Charge) [Show More]
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