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46) The following information is available for Ellen's Fashions Company for the current month: Book balance end of month $7000 Outstanding checks 725 Deposits in

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46) The following information is available for Ellen's Fashions Company for the current month: Book balance end of month $7000 Outstanding checks 725 Deposits in transit 4000 Service charges Interest revenue What is the adjusted book balance on the bank reconciliation? A) $10,150 B) $6965 C) $6875 D) $7690 47) The bank statement reveals an EFT received from a customer that has not yet been recorded in the journal. How would this information be included on the bank reconciliation? A) an addition on the book side B) a deduction on the bank side C) a deduction on the book side D) an addition on the bank side 48) Which of the following would be included in the journal to record an NSF check? A) a debit to Bank Expense and a credit to Cash B) a debit to Accounts Payable and a credit to Cash C) a debit to Cash and a credit to Accounts Receivable D) a debit to Accounts Receivable and a credit to Cash

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