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1 points Save Ang May 31 cash receipts of $100 were placed in the bank's night depository by Chung Company after banking hours and were
1 points Save Ang May 31 cash receipts of $100 were placed in the bank's night depository by Chung Company after banking hours and were not recorded on the May 31 bank statement. In the bank reconciliation statement, this will show as alan O A. Addition of $100 to the bank balance O B. Deduction of $100 to the book balance O C. Addition of $100 to the book balance O D. Deduction of $100 to the bank balance Moving to another question will save this response. Question 1 of 5 Moving to another question will save this response. Question 2 of 5 > on 2 1 points Save Answ e May 31 bank statement included a $50 debit memorandum for bank services, Chung has not yet recorded the cost of these services. the bank reconciliation, this will show as alan A. Deduction of $50 to the book balance B. Addition of $50 to the bank balance c. Deduction of $50 to the bank balance D. Addition of $50 to the book balance 1 points NetPerks Co. establishes a $400 petty cash fund on January 1. The journal entry to establish the fund on January 1 includes: O A. $400 credit to owner, capital account O B. $400 Debit to petty cash account. O c. $400 Debit to owner, capital account O D. $400 credit to petty cash account NetPerks Co. establishes a $400 petty cash fund on January 1. On January 31, the company decided to increase the fund to $500. The journal entry to increase the fund to $500 includes: O A. $100 debit to cash account O B. $100 debit to petty cash account O c. $500 credit to cash account O D. $500 credit to petty cash account 1 point On January 8, the petty cash fund of ABC Co. shows $40 in cash along with receipts for the following expenditures: postage, $68; transportation-in, $140; delivery expenses, $99; and miscellaneous expenses, $53. w ABC Co. uses the perpetual system in accounting for merchandise inventory. The journal entry to reimburse the fund on January 8 includes: O A. $140 credit to Merchindise inventory account O B. $99 debit to delivery expenses account O C. $400 credit to petty cash account O D. S400 credit to cash account
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