Balance per bank statement, September 30, 2016

$13,974 15,282 1,000 Balance per bank statement, September 30, 2016 Balance of Cash account in company books September 30, 2016 Proceeds paid directly by the bank for a note payable Interest paid on the note Deposit in transit Outstanding checks A customer's check was returned, marked NSF 1,680 1,594 200 The NSF check will be subtracted from the balance of the books. T or F All deposits in transit are added to the balance of the bank. T or F A remittance advice is the notification accompanying the check issued to a creditor that states the specific invoice is not being paid. Tor F The correct reconciled cash balance for the bank and the company is A. $14,070 B. $14,060 C. $13,900 D. $15,000 1. 2. 3. 4. 5. The journal entry for the payment of the note and the interest is A. Debit Cash 1,022; Credit Notes Payable 1,000; Credit Interest Revenue 22 B. Debit Notes Payable 1,000; Debit Interest Expense 22, Credit Cash 1,022 C. Debit Note Receivable 1,000; Credit Cash 1,000 D. Debit Note Receivable 1,022; Credit Cash 1,022