81.Accompanying the bank statement was a debit memo for bank service charges. What entry is required in thecompany's accounts?
a.debit Miscellaneous Administrative Expense; credit Cash
b.debit Cash; credit Other Income
c.debit Cash; credit Accounts Payable
d.debit Accounts Payable; credit Cash
82.A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. This itemwould be included in the bank reconciliation as a(n)
a.deduction from the balance per the company's records
b.addition to the balance per the bank statement
c.deduction from the balance per the bank statement
d.addition to the balance per the company's records
83.A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry isrequired in the company's accounts?
a.debit Accounts Payable; credit Cash
b.debit Cash; credit Accounts Receivable
c.debit Cash; credit Accounts Payable
d.debit Accounts Receivable; credit Cash
84.Receipts from cash sales of $3,200 were recorded incorrectly in the cash receipts journal as $2,300. This itemwould be included on the bank reconciliation as a(n)
a.deduction from the balance per company's records
b.addition to the balance per bank statement
c.deduction from the balance per bank statement
d.addition to the balance per company's records
85.Accompanying the bank statement was a credit memo for a short-term note collected by the bank for thecompany. This item is a(n)
a.deduction from the balance per company's records
b.addition to the balance per bank statement
c.deduction from the balance per bank statement
d.addition to the balance per company's records
86.Accompanying the bank statement was a credit memo for a short-term note collected by the bank for thecustomer. What entry is required in the company's accounts?
a.debit Notes Receivable; credit Cash
b.debit Cash; credit Miscellaneous Income
c.debit Cash; credit Notes Receivable and Interest Revenue
d.debit Accounts Receivable; credit Cash
87.The amount of deposits in transit is included on the bank reconciliation as a(n)
a.deduction from the balance per the company's books
b.deduction from the balance per bank statement
c.addition to the balance per bank statement
d.addition to the balance per company books
88.The amount of the outstanding checks is included on the bank reconciliation as a(n)
a.deduction from the balance per company's records
b.addition to the balance per bank statement
c.deduction from the balance per bank statement
d.addition to the balance per company's records
89.Which of the following items that appeared on the bank reconciliation did
notrequire a journal entry?
a.bank service charges
b.deposits in transit
c.NSF checks
d.a check for $630, recorded in the check register for $360
90.What entry is required in the company's accounts to record outstanding checks?
a.debit Accounts Receivable; credit Cash
b.debit Cash; credit Accounts Receivable
c.debit Cash; credit Accounts Payable
d.none