Macrinez Company assembled the following information in completing its July bank reconciliation: balance per bank $11,460; outstanding checks $2,325; deposits in transit $3,750; NSF check $240; bank service charge $75; cash balance per books $13,200. As a result of this reconciliation, Macrinez will
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reduce its cash account by $75. |
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reduce its cash account by $1,425. |
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reduce its cash account by $315. |
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increase its cash account by $165 |