1. Deposits in transit have:

A. been recorded by the company but not yet by the bank.B. been recorded by the bank but not yet by the company.C. not been recorded by the bank or the company.D. been recorded by both the bank and the company.

2. Which of the following would be deducted from the ending cash balance per bank when performing a bank reconciliation? A. Electronic fund transfers B. Service charges C. Deposits in transit D. Outstanding checks

3. Which of the following would not cause the bank balance to differ from the cash balance in the accounting records? A. The company wrote checks that have cleared the bank. B. Deposits outstanding that have been recorded on the company's records, but not on the bank's. C. The company made an error in recording a deposit. D. The bank made an error in recording a deposit made by the company.

4.A $250 bank deposit made on the last day of the month did not appear on this month's bank statement. How would this item be treated on the bank reconciliation? A. It would be deducted from the book balance. B. It would be added to the bank balance. C. It would be deducted from the bank balance. D. It would be added to the book balance.

5.bank service charge should be a(n) ______ on a bank reconciliation. A. addition to the bank balance B. deduction from the bank balance C. addition to the book balance D. deduction from the book balance

6.All of the following bank reconciliation items would result in a journal entry on the company's books except: A. interest earned. B. deposits in transit. C. service charge. D. a customer's check returned NSF.

7.Which of the following bank reconciliation items would not result in a journal entry? A. Service charge B. Outstanding checks C. A customer's check returned NSF D. Interest earned on deposits

Time remaining:0:48:10Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,500, outstanding checks of $2,000, a NSF check of $700, bank service charges of $30 and the EFT from a customer in payment of the customer's account of $1,500. 9. value: 9. 2.00 points Required information Use the information above to answer the following question. What is the up-to-date ending Cash balance? $18,000 $17,230 $19,000 $19,270 10. value: 2.00 points Required information Use the information above to answer the following question. What journal entry should be recorded by Flynn Company for the NSF check returned? Debit Accounts Receivable and credit Cash for $700 Debit Cash and credit Accounts Receivable for $700 Debit Cash and credit Accounts Payable for $700 No journal entry is necessary for this item. 8. Which of the following items appearing on a bank reconciliation require a journal entry to bring the Cash account up-to-date? A. Deposit in transit B. Check from customers returned as NSF C. Outstanding check D. An error made by the bank in recording a deposit