Questions SA1, TF2, MC1, MC4

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SA 1 Puki Co. is currently doing a bank reconciliation for the month. their bank statement shows a balance of $50,000 while the company's books show a cash balance of $54,000 at the end of the month. There are outstanding withdrawals of $8,000, and outstanding deposits of $10,000. There is also a NSF check indicated for $2,500. Puki Co. also found an error in their recording of a check they wrote to pay for services. The bank had the check recorded for $400 while the company had written it down as $900. The bank had the correct amount recorded. After doing the bank reconciliation, what would the adjusted balance on the book side be? Type your numeric answer and submit Unanswered Save TF2 In order to set up a Petty Cash fund, Cash would be credited and Petty Cash would be debited. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a True b False Unanswered Save MC 4 Arzuros Co. purchased a van for $36,000. They expect to use the Van for 6 years and drive it 120,000 miles. At the end of its use, they expect the van to have a salvage value of $6,000. During the year, they drove the van 23,400 miles. Using the units of activity method, what would Azuros Co. record as their depreciation expense for the year? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 5,850 b 7,020 5,000 d 6,000 Unanswered Save MC 1 Basarios Inc. is currently doing a Bank Reconciliation for the Month of July. One of the items that has been noted is a Bank Service Charge for $150. What would Basarios Inc. do in this bank reconciliation in relation to this bank service charge? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a They would subtract $150 from the Bank Side. b They would subtract $150 from the Book Side. They would add $150 to the Bank Side. They would add $150 to the Book Side. Save d Unanswered