Russel Company assembled the following information in completing its March bank reconciliation: $$\begin{array} { l r }
\text { Balance per bank } & \$ 19,100 \
\text { Outstanding checks } & \$ 3,875 \
\text { Deposits in transit } & \$ 6,250 \
\text { NSF check } & \$ 400 \
\text { Bank service charges } & \$ 125 \
\text { Cash balance per books } & \$ 22,000
\end{array}$$ As a result of this reconciliation Russel will

Question

Russel Company assembled the following information in completing its March bank reconciliation: $$\begin{array} { l r } 
\text { Balance per bank } & \$ 19,100 \
\text { Outstanding checks } & \$ 3,875 \
\text { Deposits in transit } & \$ 6,250 \
\text { NSF check } & \$ 400 \
\text { Bank service charges } & \$ 125 \
\text { Cash balance per books } & \$ 22,000
\end{array}$$ As a result of this reconciliation Russel will

Quizplus · Accepted Answer

The cash account should be reduced by the NSF check ($400) and the bank service charges ($125), totaling $525.

Russel Company Assembled the Following Information in Completing Its March