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6. Deposits in transit (DIT's) A) have been recorded on the company's books but not yet by the bank B) have been recorded by the

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6. Deposits in transit (DIT's) A) have been recorded on the company's books but not yet by the bank B) have been recorded by the bank but not yet by the company C) have not been recorded by the bank or the company D) are checks from customers which have not yet been received by te 7. A Cheek returned by the Bank marked "NSF" means A) No service fee. B) No signature found. C) Not satisfactorily filled-out. D) Not sufficient funds. 8. In preparing its bank reconciliation for the month of April 2011, Lao Shu Malla Inc has available the following information. Balance per bank statement, 4/30/11 NSF check returned with 4/30/11 bank statement Deposits in transit, 4/30/11 Outstanding checks, 4/30/11 Bank service charges for April $39,140 450 5,000 5,200 20 What should be the Adjusted Bank Balance at April 30, 2011? A) $39,370. B) $38,940. C) $38,490. D) $38,470. 9. In preparing its bank reconciliation for the month of Apcil 2011, Mu Shu Mullen, Inc. has available the following information. Balance per bank statement, 4/30/11 NSF check returned with 4/30/11 bank statement Deposits in transit, 4/30/11 Outstanding checks, 4/30/11 Bank service charges for April $78,280 10,000 10,400 40 What should be the Adjusted Bank Balance at April 30, 2011? A) $78,740. B) $77,880. C) $76,980. D) $76,940

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