Use the data presented below which Raines Corp.identified in preparing a bank reconciliation on October 31,2014,to answer the questions that follow.
What is the net amount of the increase or decrease in Raines' cash balance which must be recorded as a result of the adjustments identified by the bank reconciliation?
A) $100 decrease
B) $300 decrease
C) $400 decrease
D) $600 decrease
Correct Answer:
Verified
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