Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstanding checks $4800 Deposits in transit $7750 NSF check $500 Bank service charge $155 Cash balance per books $27280 As a result of this reconciliation, Pharoah will reduce its cash account by $2950. reduce its cash account by $155. increase its cash account by $345. reduce its cash account by $655.
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Home » Business » Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstanding checks $4800 Deposits in transit $7750 NSF check $500 Bank service charge $155 Cash balance per books $27280 As a