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Outstanding checks: O A. have been deducted from the bank balance but not the checkbook records. OB. have not been presented to the bank for
Outstanding checks: O A. have been deducted from the bank balance but not the checkbook records. OB. have not been presented to the bank for payment and have not been subtracted from the checkbook. O c. have been returned to the business for nonpayment. OD. have not been presented to the bank for payment but have been subtracted in the checkbook. The entry to replenish a $310 petty cash fund, which has cash of $120 and valid receipts for $110 would include: O A. a credit to Cash for $110. O B. a credit to Cash for $190. O c. a debit to Petty Cash for $190. OD. a credit to Petty Cash for $110. 5 of 46 (15 complete) The May bank statement for Accounting Services shows a balance of $6,200, but the balance per books shows a cash balance of $7,680. Other information includes: 1. A check for $190 to pay the electric bill was recorded on the books as $30. 2. Included on the bank statement was a note collected by the bank for $370 plus interest of $30. 3. Checks outstanding totaled $270. 4. Bank service charges were $50 5. Deposits in transit were $180 The adjusted cash balance at the end of May should OA. $7,590 OB. $9,560 OC. $7,140 OD. $7,810 A payment for $27 is incorrectly recorded on the checkbook stub as $72. The $45 error should be shown on the bank reconciliation as: O A. added to the balance per books. OB. added to the balance per bank statement OC. deducted from the balance per books. OD. deducted from the balance per bank statement
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