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Larson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash talance, 134.800 Deposit 1.200 Buchgefocheck printing 160 Outstanding chadas 16.000 NSF
Larson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash talance, 134.800 Deposit 1.200 Buchgefocheck printing 160 Outstanding chadas 16.000 NSF check 300 Use the following tabular analysis to determine the impact of the required adjustments to Larson's Cash account A ME Areas C Cash Ace R. De tal AN Adal The adjusted balance of the Cash account is $33,280. The adjusted balance of the Cash account is $32,080. The adjusted balance of the Cash account is $18.400, The adjusted balance of the Cash account is $34,800. Question 2 (1 point) Which one of the following is not an objective of a system of internal controls Safeguard company assets. Overstate liabilities in order to be conservative. Enhance the accuracy and reliability of accounting records. Reduce the risks of errors. Question 3 (1 point) A check from one of Zoum Company's customers in the amount of $1.650 was returned marked "NSF" with the company's June bank reconciliation. Use the following tabular analysis to determine the impact of the adjusting entry for the NSF check on Zoum's accounts: Schilders' M Ra 12.500 Acco Para Werk Her Bal 20,000 June Adj Bal Increase Cash and increase Accounts Payable by $1,650 Decrease Cash and increase Accounts Receivable by $1,650. Increase Cash and decrease Accounts Receivable by $1.650 Decrease Cash and decrease Accounts Payable by $1.650 0
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