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Brown Industries plans to decrease a $390 petty cash fund to $170. The current balance in the account includes $35 in receipts and $355 in
Brown Industries plans to decrease a $390 petty cash fund to $170. The current balance in the account includes $35 in receipts and $355 in currency. The entry to reimburse and reduce the size of the petty cash fund will include a: Multiple Choice O credit to Cash for $185. debit to Cash for $185. O debit to Petty Cash for $130. O debt to Petty Cash for $170. On October 31, 2018, the bank statement shows that your company has $13,756.73 in its checking account. You are aware of three outstanding checks that total of $3,312.19. During October2018, the bank rejected two deposited checks from customers totaling $ 854.19 because of insufficient funds and charged you $28.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $28.00 of service fees. Prior to adjustment on October 31, 2018. your Cash account would have a balance of: (Round your answer to 2 decimal places.) Multiple Choice O $11,298.73. 0 $16.186.73. 0 $9.618.35 0 $17.995.11 Mckeel Publishing had outstanding checks totaling $5,510 on its June bank reconciliation. In July, Mckeel issued checks totaling $40,000. The July bank statement shows that $27.950 in checks cleared the bank in July. The amount of outstanding checks on Mckeel's July bank reconciliation should be: Multiple Choice o $17,560. o $6,540. o $5,510. o 512050
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