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Mazaya Company assembled the following information in completing its May bank reconciliation: balance per bank R.O. 3,820; outstanding checks R.O.775, deposits in transit R.O. 1,250;
Mazaya Company assembled the following information in completing its May bank reconciliation: balance per bank R.O. 3,820; outstanding checks R.O.775, deposits in transit R.O. 1,250; NSF check R.O.80; bank service charge R.O. 25, credit memo from bank R.O. 80, cash balance per books R.O. 4.400. As a result of this reconciliation, Mazaya will Select one: O a. Reduce its cash account by R0.105. O b. Reduce its cash account by R.O.475 O Reduce its cash account by R.O.25. Od. Increase its cash account by R.O.80
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