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Schwinn 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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Schwinn 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 $12,224 $2,480 $4,000 $256 $80 $14,080 As a result of this reconciliation, Schwinn will O reduce its cash account by $1,520. O reduce its cash account by $80. o increase its cash account by $176. O reduce its cash account by $336

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