Question 5 Attempt due: No 1 Hour, 24 M 2 pts On September 30, 2005, Dart Co's bank statement showed a balance of $9.510, and the checkbook showed a balance of $8,540. When preparing the bank reconciliation it was determined that a credit memorandum for $580 that represented a note receivable that was collected by the bank for Dart Co. had not been recorded on Dart's Co's books Which of the following statement correctly details what should be done with this credit memorandum when preparing the reconciliation? O Add $580 for the note collected by the bank to the bank statement balance O Deduct the $580 for the note collected by the bank from the bank statement balance Add the $580 for the note collected by the bank to the checkbook balance O Deduct the $580 for the note collected by the bank from the checkbook batance Question 6 1 Hour. 2 pts On September 30, 2005, Dart Co's bank statement showed a balance of $9,510, and the checkbook showed a balance of $8,540. When preparing the bank reconciliation it was determined that Dart Co. had made an error in recording a check that had been written The actual amount of the check written by Dart Co. was $140. However, Dart Co. recorded it in the checkbook as $410. Which of the following statement correctly details what should be done with the $270 to correct Dart Co's error when preparing the reconciliation? Add $270 to correct Dart Co's error to the bank balance Deduct $270 to correct Dart Co's crror from the bank balance Deduct $270 to correct Dart Co.'s error to Dart Cos balance Add $270 to correct Dart Cols crror to the Dart Co.'s balance D Question 7 1 Hou 2 pts On September 30, 2005, Dart Co.'s bank statement showed a balance of $9.510, and the checkbook showed a balance of $8,540. When preparing the bank reconciliation it was determined that a deposit of $1,000 had been mailed to the bank by Dart Co. on September 29 and was not included in the September 30 bank statement. Which of the following statement correctly details what should be done with this outstanding deposit when preparing the reconciliation? Add the $1,000 outstanding deposit to the bank statement balance on the reconciliation Add the $1.000 outstanding deposit to Dart Co. balance on the reconciliation Deduct the $1,000 outstanding deposit from the bank statement balance on the reconciliation Deduct the $1,000 outstanding deposit from Dart Co's balance on the reconciliation Atte 11 Question 8 2 pts When preparing a bank reconciliation, a debit memorandum for $400 was on Smythe Co's bank statment for a NSF check that was received from a customer. The check had been included in an earlier deposit when it was received from the customer. The NSF check had not been recorded previously by Smythe Co. Which of the following statement correctly details what should be done with this $400 NSF check when preparing the reconciliation? Add $400 for the NSF check to the bank balance Deduct $400 for the NSF check to the bank balance Add $400 for the NSF check to Smythe Co.'s balance Deduct $400 for the NSF check from Smythe Co's balance
