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If the Company correctly makes a deposit at the bank for $540, but incorrectly records it in the general ledger as a deposit for $450,

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If the Company correctly makes a deposit at the bank for $540, but incorrectly records it in the general ledger as a deposit for $450, the appropriate treatment on the bank reconciliation would be to: Subtract $90 in the Company's Cash Balance section of the reconciliation None of the answers are correct. Add $90 in the Bank's Cash Balance section of the reconciliation Add $90 in the Company's Cash Balance section of the reconciliation Subtract $90 in the Bank's Cash Balance section the reconciliation At July 31 Smith Company determined the following information related to its checking account: Cash Balance per the General Ledger as of July 31............... $5,750 Amount of a Note collected by the bank during July.. $2,000 (As of July 31 Smith Company had not yet recorded the collection of this Note) Bank Service Charge to collect the above Note...... $35 Bank Service Charge on the July 31 Bank Statement.......... $45 NSF Check returned with the July Bank Statement... $300 A check written to a vendor on July 5th for $1,200 was incorrectly recorded in Smith's accounting system as a $2,100 Debit to Supplies and a $2,100 Credit to Cash On the July 31 Bank Reconciliation the After Reconciliation amount on the Company's Cash Balance portion of the Bank Reconciliation would be: $8,870 O $12.470 None of the answers are correct. $6,470 O $8,270 At August 31 Jones Company has the following information related to its checking account: . $6,850 $9.005 Cash Balance per the Bank Statement as of August 31.. Cash Balance per the General Ledger as of August 31....... Checks Outstanding.......... $765 Deposits recorded in the General Ledger but not yet taken to the bank Bank Service Charge on the August 31 Bank Statement. NSF Check returned with the August 31 Bank Statement..... . $1,700 $20 $1,200 On the August 31 Bank Reconciliation the After Reconciliation amount would be: O None of the answers are correct. O $7,785 $7,885 $5,630 O $8,720

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