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Ms) Which of the following is possible due to online banking? time. A) The depositor can request a paper bank reconciliation at any company's book balance will equal the bank's balance always at any to the bank's balance The depositor D) The bank reconciliation is not necessary. 49) Which of the following would be true if the cash fund is NOT replenished on the balance petty sheet date? D) Neither A nor B would be true. A) Income will be overstated. 50 The bank statement reveals an EFT from the company's checking account yet recorded 5oy NOT How would this information be included on the bank reconciliation? A) An addition on the book side D) An addition on the bank side C) A deduction on the book side 51) 51) The following information is available for Matts Unlimited Company for the current mont What is the adjusted book balance on the bank reconciliation? Book balance end of the month Outstanding checks Deposits in transit Service charges $7,466 D) Interest revenue A) $5.550 52) on which of the following dates does a three-month note dated November 12 mature? 13 C) February 10 A) February 12 53) 53) Which of the following are the two methods of estimating uncollectible receivables? A) The allowance method and the percent-of-sales method method B) The aging accounts receivable method and the percent-of-sales e-off method and the percent-of-sales The direct wri write-off method D) The allowance method and the direct method to account for uncollectible receivables. A $1,200 account 54) 54) A company uses the allowance collected. In addition to the entry to record receivable that had been written off as uncollectible is the receipt of the cash, what other entry must be recorded? 1,200 A) Accounts receivable 1,200 Uncollectible accounts expense B) Accounts receivable Allowance for uncollectible accounts 1,200 Uncollectible accounts expense 1,200 Accounts receivable D) Only one entry is required