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Curate Company Assembled the Following Information in Completing Its May

Question 190

Multiple Choice

Curate Company assembled the following information in completing its May bank reconciliation:  Balance per bank $13,224 Outstanding checks 2,480 Deposits in transit 4,000 NSF check 256 Bank service charges 80 Cash balance per books 15,080 Use the following tabular analysis to determine the required adjustments to Curate’s accounts: \begin{array}{l}\begin{array} { l r } \text { Balance per bank } & \$ 13,224 \\\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 } & 15,080\end{array}\\\text { Use the following tabular analysis to determine the required adjustments to Curate's accounts: }\end{array}
 Curate Company assembled the following information in completing its May bank reconciliation:  \begin{array}{l} \begin{array} { l r }  \text { Balance per bank } & \$ 13,224 \\ \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 } & 15,080 \end{array}\\ \text { Use the following tabular analysis to determine the required adjustments to Curate's accounts: } \end{array}    A) Decrease Accounts Receivable by $256. B) Decrease Cash by $2480. C) Increase Expense by $336. D) Increase Expenses by $80.


A) Decrease Accounts Receivable by $256.
B) Decrease Cash by $2480.
C) Increase Expense by $336.
D) Increase Expenses by $80.

Correct Answer:

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