1.) On August 6, your firm which is on the accrual basis, records a $700 purchase of office supplies on account. When, on August 23, you return damaged items for an $80 credit, you will: ___ A. Debit Accounts Payable for $80 ___ B. Debit Purchase Returns and Allowances for $80 ___ C. Debit Cash for $80 ___ D. Credit Accounts Payable for $80

2.) TiCo made a deposit on June 10 for $5,500. The deposit did not appear on TiCos bank statement also dated June 10. In TiCos bank reconciliation on June 10, $5,500 should be: ____ A. Added to the balance per books ____ B. Deducted from the balance per books ____ C. Added to the balance per bank ____ D. Deducted from the balance per bank