Question :
91. Accompanying the bank statement was a debit memo for bank : 1251936
91. Accompanying the bank statement was a debit memo for bank service charges. On the bank reconciliation, the item is
A. a deduction from the balance per company’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 company’s records
92. Accompanying the bank statement was a debit memo for bank service charges. What entry is required in the company’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
93. A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. This item would 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
94. A check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. What entry is required 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
95. Receipts from cash sales of $7,500 were recorded incorrectly in the cash receipts journal as $5,700. This item would 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
96. Receipts from cash sales of $7,500 were recorded incorrectly in the cash receipts journal as $5,700. What entry is required in the company’s accounts?
A. debit Sales; credit Cash
B. debit Cash; credit Accounts Receivable
C. debit Cash; credit Sales
D. debit Accounts Receivable; credit Cash
97. Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the company. 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
98. Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. 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
D. debit Accounts Receivable; credit Cash
99. 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
100. 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
