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Bonita Company assembled the following information in completing its March bank reconciliation: balance per bank $7600; outstanding checks $1590; deposits in transit $2440; NSF check

image text in transcribed Bonita Company assembled the following information in completing its March bank reconciliation: balance per bank $7600; outstanding checks $1590; deposits in transit $2440; NSF check $200; bank service charge $50; cash balance per books $8700. As a result of this reconciliation, Bonita will reduce its cash account by $50. reduce its cash account by $850. increase its cash account by $150. reduce its cash account by $250

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