1. a check for $5000 was shown as an outstanding check on the March Bank Reconciliation. On the April Bank Statement, the check was part of the checks that had cleared the bank. On the April Bank Reconciliation, the check should be:

a. ignored

b. deducted from the balance per depositor

c. deducted from the balance per Bank

d. added to the balance per Bank.

2. a bank had incorrectly credited a company's account for $5000 for a check in the amount of $500 deposited by the company. The check was received by the company from one of its customers on account. Should the adjusting entry recorded to correct this error be "debit Accounts Receivable"? If no, how would you correct it?

3. the journal entry to replenish the petty cash fund will include the following EXCEPT:

a. petty cash

b. postage expense

c. cash over and short

d. cash