some simple accounting questions, just let me know the answer

1.Kija Company's accountant notices that the bank clears a check for $650 against the company's account on December 31, but the company has no knowledge of that check. The accountant later calls the bank and discovers that the check belongs to another bank client. The bank has made an error. How would this item be recorded on the bank reconciliation?

Select one:

a. Addition to the bank statement

b. Deduction from the ledger balance

c. Addition to the ledger balance

d. Deduction from the bank statement

2.Mario Mart has a petty cash fund of $300. During the month the custodian paid out $125 for the expenses ($60 for travel expense and $65 for delivery). At the end on the month, the accountant noticed $95 in the petty cash box. The entry to replenish the fund is:

Select one:

a. Dr Cash over and short, Dr Travel Expense, Dr Delivery Expense, Cr Cash

b. Dr Cash over and short, Dr Travel Expense, Dr Delivery Expense, Cr Petty Cash

c. Dr Petty Cash, Cr Cash

d. Dr Cash, Dr Travel Expense, Dr Delivery Expense, Cr Petty Cash

3.True or False. The only time the petty account in the ledger is debited or credited is when the account is established.

4.What is the primary account that will be adjusted in preparing the bank reconciliation at the end of the period?

Select one:

a. Accounts Payable

b. Accounts Receivable

c. Revenue

d. Cash

5.Sam's Savings Inc. likes to save money in a savings account. At the end of the month, the bank automatically deposited $43 of interest into Sam's savings account. What is the entry to record this amount in the ledger accounts?

Select one:

a. Dr Accounts Receivable, Cr Interest Revenue

b. Dr Cash, Cr Interest Revenue

c. Dr Interest Expense, Cr Cash

d. Dr Cash, Cr Accounts Receivable

6.The bookkeeper for Mario Mart discovered that the bank has deducted $84 for services provided to the company (bank charges). What is the entry to record this amount in the leger accounts?

Select one:

a. Dr Interest Expense, Cr Cash

b. Dr Bank Service Charges, Cr Accounts Receivable

c. Cr Cash, Dr Bank Service Charges

d. Dr Bank Service Charges, Cr Cash

7.Which of the following isnotone of the three rules in cash controls?

Select one:

a. Recording cash whenever the amount is material

b. Protecting cash when it is on the premises

c. All of the available choices are correct

d. Removing cash from the premises as soon as possible

8.Kevin's Supplies ledger balance is $4,900 and the bank balance for the month shows a balance of $4,000. The staff accountant has learned that a NSF check of $900 has been processed. The bank reconciliation for this item would be to:

Select one:

a. Subtract $900 from the ledger balance

b. Add $900 to the ledger balance

c. Subtract $900 from the bank balance

d. Add $900 to the bank balance

9.What is the appropriate entry to record outstanding checks in the ledger accounts?

Select one:

a. Dr Cash, Cr Accounts Payable

b. Dr Cash, Cr Accounts Receivable

c. Dr Accounts Receivable, Cr Cash

d. No entry is required

10.Maria Margo had check #56 and #64 recorded in the cash payments journal for the amounts of $410 and $620 respectively. These amounts did not appear on the bank statement. How would these items be recorded on the bank reconciliation?

Select one:

a. $1,030 will be deducted from the bank statement

b. No entry is needed

c. $1,030 will be added to the bank statement

d. $1,030 will be added to the company ledger

11.Which of the following isnotcorrect when completing a bank reconciliation?

Select one:

a. Outstanding deposits are added to the bank balance

b. NSF checks are deducted from the ledger balance

c. Outstanding checks are added to the bank balance

d. Interest earned is added to the ledger balance

12.Kudos Company has just deposited a check for $3,670 on December 31. How would this item be recorded on the bank reconciliation prepared at a later date?

Select one:

a. Deduction from the bank statement

b. Addition to the bank statement

c. Addition to the ledger balance

d. Deduction from the ledger balance

13.A check withdrawn by the company for $180 in payment of its liability was recorded by the bank as $810. How would this item be recorded on the bank reconciliation?

Select one:

a. Deduction from the ledger balance

b. Addition to the ledger balance

c. Addition to the bank statement

d. Deduction from the bank statement

14.Kevin's Kite Kingdom's ledger balance is $3,850 and the bank balance for the month shows a balance of $3,755. The staff accountant has discovered that bank charges for the last month have been $95. The bank reconciliation for this item would be to:

Select one:

a. Add $95 to the bank balance

b. Subtract $95 from the bank balance

c. Subtract $95 from the ledger balance

d. Add $95 to the ledger balance

15.The bookkeeper for Ajax Superstore made an error and recorded a $950 check as $590. The check was issued for the purchase of supplies. How would this item be adjusted on the bank reconciliation?

Select one:

a. Addition to the bank statement

b. Deduction from the bank statement

c. Addition to the ledger balance

d. Deduction from the ledger balance

16.Sue's SaverInc. likes to save money in a savings account. At the end of the month, the bank automatically deposited $80 of interest into Sue's Saveraccount. How would this item be recorded on the bank reconciliation?

Select one:

a. Deduction from the bank statement

b. Addition to the ledger balance

c. Addition to the bank statement

d. Deduction from the ledger balance

17.On June 15th, Sam's Superstore Inc.mailed a check to the supplier as payment for goods delivered. The bookkeeper recorded the amount in the ledger. However, the bank statement at the end of the month did not show that the amount was withdrawn by the supplier. How would this item be recorded on the bank reconciliation?

Select one:

a. Deduction from the bank statement

b. Addition to the bank statement

c. Addition to the ledger balance

d. Deduction from the ledger balance

18.Which of the following is not a reason that could have caused cash to have increased in your bank account without your knowledge?

Select one:

a. You secured a loan and the bank directly deposited it into your bank account

b. A customer deposited cash against an old invoice directly into your account

c. You received interest from savings that was directly deposited into your account

d. Bank charges have been applied for banking services provided

19.Why is it better to pay all disbursements by check?

Select one:

a. as a control over cash

b. to keep track of spending

c. to avoid keeping a large amount of cash on hand

d. all of the available choices

20.Which of the following is not correct when completing a bank reconciliation?

Select one:

a. Outstanding checks are deducted from the bank balance

b. Outstanding deposits are deducted from the bank balance

c. Loan interest charges are deducted from the ledger balance

d. NSF checks are deducted from the ledger balance