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At the end of the month of July you close the books of your company and received the bank statement. You are ready to start with the Adjusting journal entries and realized that a bank reconciliation must be performed. First you collect the data from June 30th reconciliation as follows: Balance per Bank $10,000 add: Deposits in Transit $6,300 deduct: Outstanding Cheques $15,000) Balance per Books $9.600 Second you close your update your Cash and bank account with all transactions recorded before AJE and you have: Balance July 31 $11,000 Deposits $8,500 Cheques $6,500 Third you look at the bank statement provided by your bank and you see the following: Balance July 31 $10.280 Deposits $13,000 Cheques $10.000 Note collected $700 Bank service charge $ 50 $1,000 Interest received $180 Autowithdrawals $250 NSF cheque Which of the following items have been deducted from the Cash and Bank account when doing the reconciliation? O Errors $30 O Interest $180 O Service Charges $50 O None of the others alternatives are correct O Notes Collected $700 The following information relates to the month of August for XYZ Inc. Prepare the bank reconciliation. pate Information 1 Aug 31 Bank statement balance $3,490 2 Aug 31 Bank statement reflects bank fees for the month $35 3 Aug 28 NSF cheque $100 with fee of $10 Aug 27 Bank statement reflects paper statement fee $80 5 Aug 31 Bank statement reflects interest earned on balance $8 6 Aug 31 $1,000 note receivable collected by bank and deposited into XYZ's account. Related bank fee is $40. ug 1 31 XYZ wrote cheques with total value over $60,000. As of Aug 31 $3,021 of the cheques written have not cleared the bank. Also, $200 cheques written back in june have still not cleared the bank. 31 Deposits in transit $1,450 Aug 31 The GL reflects cash sales of $145. The bank statement reflects deposits related to these sales of $154. XYZ incorrectly recorded $145. ho Aug 31 General ledger cash account reflects $967 What is the total amount added to the G/L balance to arrive at the Adjusted Balance per Books for August? O $0 O $977 O $1,000 O $1,107 O $1,009 Before reconciling to its bank statement, Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $5,250. The bank reconciliation for the month contained the following items: Deposits in transit $750 Outstanding cheques $465 Interest earned $ 20 NSF cheque returned to bank $100 Bank service charge $ 10 Given the above information, what adjusted cash balance should Lauren report at month-end? $5,590 O $5,160 None of the above $4,820 0 $4,500 At the end of the month of July you close the books of your company and received the bank statement. You are ready to start with the Adjusting journal entries and realized that a bank reconciliation must be performed. First you collect the data from June 30th reconciliation as follows: Balance per Bank $10,000 add: Deposits in Transit $1,800 deduct: Outstanding Cheques $12.200) Balance per Books $9.600 Second you close your update your Cash and bank account with all transactions recorded before AJE and you have: Balance July 31 $12.000 Deposits $7,300 Cheques $4.800 Third you look at the bank statement provided by your bank and you see the following: Cheques Balance July 31 $12,430 Deposits $6,000 $4.000 Note collected $1,000 Bank service charge $20 NSF cheque $150 Interest received $200 Autowithdrawals $500 Which of the following items have been added to the Cash and Bank account when doing the reconciliation? O NSF Cheque $150 O Service Charges $20 Autowithdraws $500 Notes Collected $1.000 O None of the others alternatives are correct