6.Notification by the bank that a customer's deposited check was returned NSF requires that the company make the following adjusting journal entry:

Some other entry

dr Cash / cr Accounts Receivable

dr Accounts Receivable / cr Cash

dr Bank Charges Expense / cr Accounts Receivable

No adjusting entry is necessary.

7.Which of the following items have been added to the Cash and Bank account when doing the reconciliation?

None of the others alternatives are correct

Autowithdraws $500

Service Charges $20

NSF Cheque $150

Interest $200

10.The following information relates to Company XYZ for February 2015.

Balance per bank9,000Deposits in transit2,300Outstanding cheques400Bank charges19NSF cheque985

Which of the following is correctly part of the bank reconciliation process for February 2015?

Dr. cash account with difference between balance per bank of $9,000 and balance per general ledger

Record an adjusting journal entry to Dr. bank charges expense $19

None of the others alternatives are correct

Dr. the appropriate expense accounts for outstanding cheques totaling $400

Dr. balance per bank $9,000 in the cash general ledger