A $100 petty cash fund has cash of $20 and valid receipts for $40. The entry to replenish the fund would include a:

A.

credit to Cash for $40.

B.

debit to Petty Cash for $40.

C.

credit to Cash for $80.

D.

credit to Petty Cash for $20.

2

An error, on the company's books, in recording a $52 deposit as $25 would be included on the bank reconciliation as a(n):

A.

addition to the balance per books.

B.

subtraction from the balance per bank.

C.

addition to the balance per bank.

D.

subtraction from the balance per books.

3

If the written amount on the check does NOT match the amount expressed in figures, the bank may:

A.

pay the amount written in words.

B.

contact the drawer to see what was meant.

C.

return the check unpaid.

D.

All of the above are correct choices.

4

The person or company to whom a check is payable is called the:

A.

drawer.

B.

payer.

C.

drawee.

D.

payee.