Sive & Exit Lubmit Submit Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check, Ryan's June bank statement shows $25,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: 7 Deposit in transit 2,950 Outstanding checks 1,242 Additionally, a $37 check written and recorded by the company correctly, was recorded by the bank as a $73 deduction The adjusted cash balance per the bank records should be: Multiple Choice $30,089 0 $27533 $20705 $27605 In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: 11 Cash balance per company books on April 30 $6,270 Deposits in transit at month-end $1,310 Outstanding checks at month-end $ 630 Bank charge for printing new checks $ 50 Note receivable and interest collected by bank on Donahue's behalf $ 760 A check paid to Donahue during the month by a customer is returned by the bank as NSF $ 490 The adjusted cash balance per the books on April 30 is: Multiple Choice $6.490 $4.550 $5.830 In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information 12 Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges EFT automatically deducted monthly, not yet recorded by Maxi An NSF check returned on a customer account $5,925 $2,840 $ 640 $ 37 $ 620 $ 385 The adjusted cash balance per the books on January 31 is: Multiple Choice $6.283 o $6,197 0 $6,923 13 Spencer Co. has a $310 petty cash fund. At the end of the first month the accumulated receipts represent $54 for delivery expenses, $171 for merchandise inventory, and $23 for miscellaneous expenses. The fund has a balance of $62. The journal entry to record the reimbursement of the account includes a: Multiple Choice Credit to Inventory for $171 Debit to Petty Cash for $310 Debit to Cash Over and short for $62 Credit to Cash Over and short for 562 0 Credit to Cash for $240 Great Falls Co.'s bank reconciliation as of February 28 is shown below. 16 $38,153 Bank balance + Deposit in transit - Outstanding checks Adjusted bank balance +745 $37,643 Book balance 2,950 Note collection -1,730 Check printing $38,863 Adjusted book balance -35 $38,863 One of the adjusting joumal entries that Great Falls must record as a result of the bank reconciliation includes: Multiple Choice Debit Cash 5745;credit Note Receivable 5745 . Debit Miscellaneous Expense $35credit Accounts Payable $35. O Debit Cash $2.950. Credit Sales $2.950 Debit Note Payable $745. Credit Cash $745