when preparing a bank reconciliation, nonsufficient funds (nsf) checks would be: multiple choice added to…

when preparing a bank reconciliation, nonsufficient funds (nsf) checks would be: multiple choice added to the banks cash balance. subtracted from the companys cash balance. subtracted from the banks cash balance. added to the companys cash balance.

when preparing a bank reconciliation, nonsufficient funds (nsf) checks would be: multiple choice added to the banks cash balance. subtracted from the companys cash balance. subtracted from the banks cash balance. added to the companys cash balance.

Answer

Brief Explanations:

NSF checks are checks that are returned due to insufficient funds in the account of the issuer. When preparing a bank - reconciliation, since these checks were initially recorded as an increase in the company's cash balance but are now found to be non - collectible, they need to be subtracted from the company's cash balance.

Answer:

Subtracted from the company's cash balance.