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Nevay Company's bank reconciliation as of May 31 is shown below. Your Saves Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance
Nevay Company's bank reconciliation as of May 31 is shown below. Your Saves Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance $ 15,800 Book balance 5, 200 Bank service fees -4,600 NSF returned $16,400 Adjusted book balance $17, 125 -25 -700 $16,400 One of the adjusting journal entries that Nevay must record as a result of the bank reconciliation includes: Multiple Choice O A debit to Cash of $725 A debit to Cash of $5,200 O A credit to Cash of $4,600 A credit to Cash of $700 O A debit to cash of $25
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