1. A cheque is written to replenish a $150 petty cash fund when the fund has receipts of $148 and $7 in cash. In recording the cheque:

a.Cash over and short should be debited for $5

b.Cash should be credited for $148

c.Petty cash should be debited for $148

d.Cash over and short would be credited for $5

1. A. Smith has a balance of $410 in her chequebook (her Cash account) at the end of the month. The balance on her bank statement is $500. Reconciling items include deposits in transit of $250, outstanding cheques of $350, and service charges of $10. What is Suzanne's adjusted cash balance?

a.$390

b.$500

c.$410

d.$400