Chogg: Corporate Financial Acc Corporate Financial Accountin 0: Mail- justin jackson.o3esubrxStudy Quest oogle.com/document/d/ 1 fk3MpoeYB7CYgskZwZcKSColtrT46UB6wwarmNCY0/edit r Chapter-7 Format Tools Add-ons Help Accessibility All changes saved in Drive Normal text Arial 1. Entries are made to the petty cash ancount when a making paycnests out of the fund b recording shortages in dhe fund c replemibshing the pety caesh fund d establishing the fund will 2The account of the outstanding checks is included on dhe bank seconcilaion as afn) a deduction from the balance per company's recoeds c deduction from the balance per bank sament d addition to the balance per company's records 3 Gannar Company gathered dhe following reconcling information in prepering is September bank reconcliation. Calcule dhe aljpsird cash balence per books on September 30 Deposits in recrivable and ineres $5,130 b 53,690 .53.040 $1,590 4 EFT a. means Efficient Funds Trassler b cn process cerain cash sanisactions at less cost thas by using the mal c. makes easier to document purchar ad sale tana um SAMSUNG Study Ques s for Chapter 7 sert Format Tools Add-ons Help Accessibility AllchangesmedinDte n | Normal text | Arial ment will A check drawn by a compary for $340 in paysant of a lailiy was mcorded in tde joarmal an $430 This rn wouldl be ischded on the bank a addition to the balance per the company's recoeds b adition so the balance per the hank stat deduction frem the balance per the bank stt d deduction from the balasce per the company's seoeds 6 Which of the folown shod nt be consdered consh by a money orders b bank checking accounts d, travelers' checks 7 Accompanying the bank statement was a deb for bank service charges What entry is mquired in the company's accounts? a debit Miscellaneous Expmse, areda Cash b debit Cash, crede Other Income debit Cash; credt Accounts Payable SAMSUNG all mat Tools 9 Add-ons Help Accessibility All changes saved in Drive ormal text Arial statement was a debit memo for bank service charges. What entry is required in the company's accounts? a debit Miscellaneous Expense, credit Csh b. debit Cash, credia Other Income e debit Cash, dek Accounts Payable d. debit Accounes Payable, credit Cash Accompanying the bank sutement was a debit nemo for bank service charges. On the bank reconciliation, the item is a a dedaction from the balance per company's reconds b an addision to the balance per bank statement c a deduction from the balane per bank stetement d an addition to the balance per company's recoeds Accompanying the bank stanement was a credir memo for a short-erm note collecond by the bank for the customer What entry is requieed in the company's accounts? a debit Notes Receivable, credit Cash b. debit Cash, credit Miscellaneous Income c. debir Cash; creda Nors Recervable and Interest Revesue d- debit Accounts Receivable, credit Cash 10 In the normal operation of business, you receive a check from a cussomer and deposit it into your checking account With your bank soatement you are advised that this check for $775 is "NSF. The bank also indorems you that due to the amount of activty on your business account the moohly service charge is $75 Daring a bank seconciliation you will a subtract both values from balance according no bank b add both values to belence accoeding to books c ald both valurs to balasce according o benk d sebtract both values from balance according so books 11 Credit memos from the bank a decremse a bank customer's acount SAMSUNG 5 6 8 9 Chogg: Corporate Financial Acc Corporate Financial Accountin 0: Mail- justin jackson.o3esubrxStudy Quest oogle.com/document/d/ 1 fk3MpoeYB7CYgskZwZcKSColtrT46UB6wwarmNCY0/edit r Chapter-7 Format Tools Add-ons Help Accessibility All changes saved in Drive Normal text Arial 1. Entries are made to the petty cash ancount when a making paycnests out of the fund b recording shortages in dhe fund c replemibshing the pety caesh fund d establishing the fund will 2The account of the outstanding checks is included on dhe bank seconcilaion as afn) a deduction from the balance per company's recoeds c deduction from the balance per bank sament d addition to the balance per company's records 3 Gannar Company gathered dhe following reconcling information in prepering is September bank reconcliation. Calcule dhe aljpsird cash balence per books on September 30 Deposits in recrivable and ineres $5,130 b 53,690 .53.040 $1,590 4 EFT a. means Efficient Funds Trassler b cn process cerain cash sanisactions at less cost thas by using the mal c. makes easier to document purchar ad sale tana um SAMSUNG Study Ques s for Chapter 7 sert Format Tools Add-ons Help Accessibility AllchangesmedinDte n | Normal text | Arial ment will A check drawn by a compary for $340 in paysant of a lailiy was mcorded in tde joarmal an $430 This rn wouldl be ischded on the bank a addition to the balance per the company's recoeds b adition so the balance per the hank stat deduction frem the balance per the bank stt d deduction from the balasce per the company's seoeds 6 Which of the folown shod nt be consdered consh by a money orders b bank checking accounts d, travelers' checks 7 Accompanying the bank statement was a deb for bank service charges What entry is mquired in the company's accounts? a debit Miscellaneous Expmse, areda Cash b debit Cash, crede Other Income debit Cash; credt Accounts Payable SAMSUNG all mat Tools 9 Add-ons Help Accessibility All changes saved in Drive ormal text Arial statement was a debit memo for bank service charges. What entry is required in the company's accounts? a debit Miscellaneous Expense, credit Csh b. debit Cash, credia Other Income e debit Cash, dek Accounts Payable d. debit Accounes Payable, credit Cash Accompanying the bank sutement was a debit nemo for bank service charges. On the bank reconciliation, the item is a a dedaction from the balance per company's reconds b an addision to the balance per bank statement c a deduction from the balane per bank stetement d an addition to the balance per company's recoeds Accompanying the bank stanement was a credir memo for a short-erm note collecond by the bank for the customer What entry is requieed in the company's accounts? a debit Notes Receivable, credit Cash b. debit Cash, credit Miscellaneous Income c. debir Cash; creda Nors Recervable and Interest Revesue d- debit Accounts Receivable, credit Cash 10 In the normal operation of business, you receive a check from a cussomer and deposit it into your checking account With your bank soatement you are advised that this check for $775 is "NSF. The bank also indorems you that due to the amount of activty on your business account the moohly service charge is $75 Daring a bank seconciliation you will a subtract both values from balance according no bank b add both values to belence accoeding to books c ald both valurs to balasce according o benk d sebtract both values from balance according so books 11 Credit memos from the bank a decremse a bank customer's acount SAMSUNG 5 6 8 9