Question : 91. Journal entries based the bank reconciliation required in the depositor’s : 1234117

91. Journal entries based on the bank reconciliation are required in the depositor’s accounts for  
A. outstanding checks
B. deposits in transit
C. bank errors
D. book errors

92. Accompanying the bank statement was a debit memorandum for bank service charges. On the bank reconciliation, the item is  
A. a deduction from the balance per depositor’s records
B. an addition to the balance per bank statement
C. a deduction from the balance per bank statement
D. an addition to the balance per depositor’s records

93. Accompanying the bank statement was a debit memorandum for bank service charges. What entry is required in the depositor’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

94. A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. This item would be included in the bank reconciliation as a(n)  
A. deduction from the balance per the depositor’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 depositor’s records

95. A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. What entry is required in the depositor’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

96. Receipts from cash sales of $9,500 were recorded incorrectly in the cash receipts journal as $5,900. This item would be included on the bank reconciliation as a(n)  
A. deduction from the balance per depositor’s records
B. addition to the balance per bank statement
C. deduction from the balance per bank statement
D. addition to the balance per depositor’s records

97. Receipts from cash sales of $9,500 were recorded incorrectly in the cash receipts journal as $5,900. What entry is required in the depositor’s accounts? 
A. debit Sales; credit Cash
B. debit Cash; credit Accounts Receivable
C. debit Cash; credit Sales
D. debit Accounts Receivable; credit Cash

98. Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank for the depositor. This item is a(n)  
A. deduction from the balance per depositor’s records
B. addition to the balance per bank statement
C. deduction from the balance per bank statement
D. addition to the balance per depositor’s records

99. Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank for the customer. What entry is required in the depositor’s accounts? 
A. debit Notes Receivable; credit Cash
B. debit Cash; credit Miscellaneous Income
C. debit Cash; credit Notes Receivable
D. debit Accounts Receivable; credit Cash

100. The amount of deposits in transit is included on the bank statement as a(n)  
A. deduction from the balance per the depositor’s books
B. deduction from the balance per bank statement
C. addition to the balance per bank statement
D. addition to the balance per depositor books