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Russel Company assembled the following information in completing its March bank reconciliation: Balance per bank Outstanding checks Deposits in transit NSF check Bank service charges

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Russel Company assembled the following information in completing its March bank reconciliation: Balance per bank Outstanding checks Deposits in transit NSF check Bank service charges Cash balance per books $19,100 $3,875 56,250 $400 $125 $22,000 As a result of this reconciliation, Russel will reduce its cash account by $2,375. reduce its cash account by $125. increase its cash account by $275. reduce its cash account by $525. Question 12 (1 point) On a bank statement, paid checks are shown as increases. decreases. assets. liabilities. Question 13 (1 point) All of the following are examples of internal control procedures except using prenumbered documents. reconciling the bank statement. customer satisfaction surveys. insistence that employees take vacations

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