91.Accompanying the bank statement was a debit memo for an NSF check received from a customer. This itemwould be included on the bank reconciliation as a(n) a.deduction from the balance per...

91.Accompanying the bank statement was a debit memo for an NSF check received from a customer. 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

92.Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry isrequired in the company's accounts?

a.debit Other Income; credit Cash

b.debit Cash; credit Other Income

c.debit Cash; credit Accounts Receivable

d.debit Accounts Receivable; credit Cash

93.The amount of cash to be reported on the balance sheet at June 30 is the

a.total of the cash column in the cash receipts journal as of June 30

b.adjusted balance appearing in the bank reconciliation for June 30

c.total of the cash column in the cash payments journal as of June 30

d.balance as of June 30 on the bank statement

94.Which of the following would be deducted from the balance per books on a bank reconciliation?

a.service charges

b.outstanding checks

c.deposits in transit

d.notes collected by the bank

95.Which of the following would be added to the balance per books on a bank reconciliation?

a.service charges

b.outstanding checks

c.deposits in transit

d.notes collected by the bank

96.Which of the following would be subtracted from the balance per books on a bank reconciliation?

a.outstanding checks

b.deposits in transit

c.notes collected by the bank

d.error in recording a check for $732 as $723

97.Which of the following would be subtracted from the balance per bank on a bank reconciliation?

a.outstanding checks

b.deposits in transit

c.notes collected by the bank

d.service charges

98.A bank reconciliation should be prepared

a.whenever the bank refuses to lend the company money

b.to explain any difference between the company's balance per books with the balance per bank

c.by the company's bank

d.by the person who is authorized to sign checks

99.Minor Company had checks outstanding totaling $19,200 on its April bank reconciliation. In May, Minor Companyissued checks totaling $64,900. The May bank statement shows that $47,600 in checks cleared the bank in May. Acheck from one of Minor Company's customers in the amount of $300 was also returned marked "NSF." Theamount of outstanding checks on Minor Company's May bank reconciliation should be

a. $28,400

b. $66,800

c. $17,300

d. $36,500

100.Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculatethe adjusted cash balance per books on May 31.

a. $5,870

b. $6,245

c. $4,930

d. $3,845