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You are provided the completed bank reconciliation below. Based on these facts, choose the adjustments that should be made as a result. There may be
You are provided the completed bank reconciliation below. Based on these facts, choose the adjustments that should be made as a result. There may be more than one correct answer. Hintz Company Bank Reconciliation July 31, 2019 Cash balance per bank Add: Deposit in transit $ 3,506 1,670 5,176 1,366 $ 3.810 Less: Outstanding checks Adjusted cash balance per books $ 3,930 Cash balance per books Less: NSF check from customer Bank service charge Adjusted cash balance per books 120 $ 3.810 Increase cash by $120. Increase Accounts Receivable by $90. Decrease Accounts Receivable by $90. d. Decrease cash by $120. Less: Outstanding checks Adjusted cash balance per books 1,366 $ 3.810 $ 3,930 $90 Cash balance per books Less: NSF check from customer Bank service charge Adjusted cash balance per books 30 120 $ 3,810 a. Increase cash by $120. b. Increase Accounts Receivable by $90. Decrease Accounts Receivable by $90. d.Decrease cash by $120. - Increase expenses by $120. 9. Increase expenses by $30. 9. Changes are made before the bank reconciliation is completed. h. Decrease Accounts Payable by $120. Increase Accounts Payable by $90
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