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6a) A check returned by the bank marked NSF means a. no service fee. b. no signature found. c. not satisfactorily filled-out. d. not sufficient

6a) A check returned by the bank marked "NSF" means

a. no service fee.

b. no signature found.

c. not satisfactorily filled-out.

d. not sufficient funds.

6b) If the month-end bank statement shows a balance of $58,000, outstanding checks are

$15,000, a deposit of $7,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is

a.

$49,400.

b.

$50,600.

c.

$65,400.

d.

$66,600.

6c) If a check correctly written and paid by the bank for $724 is incorrectly recorded on the company's books for $742, the appropriate treatment on the bank reconciliation would be to

a. add $18 to the bank's balance.

b. add $18 to the book's balance.

c. deduct $724 from the bank's balance

. d. deduct $724 from the book's balance.

6d) A petty cash fund should not be used for

a. postage due.

b. loans to the petty cash custodian.

c. taxi fares.

d. customer lunches.

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