Use the following information to answer questions 68. You are doing a bank reconciliation for May, 20X1. You have a $2,785 unadjusted ledger cash balance and the following data: Outstanding checks: No. 719, $200; No. 727, $800; No. 732, $625 Deposits in transit, $1,200 Check No. 742 (for repairs) written for $505 but incorrectly recorded as $550 NSF check from a customer, $500 Bank service charge for May, $5 Balance per bank statement, $2,750

8. Which adjustment will you need to make to company books? a. a net decrease in Cash of $550 b. a net decrease in Cash of $505 c. a net decrease in Cash of $460 d. a net increase in Cash of $4510. A trial balance has total debits of $197,900 and total credits of $199,700. Which account may contain a transposition error? a. A Cash account with a balance of $900 b. An Accounts Receivable with a balance of $1,800 c. A Cost of Goods Sold account with a balance of $4,200 d. An Accounts Payable with a balance of $5,300