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The following information is available for Juno Company for the month ending June 30, 2025. Balance as per the bank statement is $11.500 Balance as
The following information is available for Juno Company for the month ending June 30, 2025. Balance as per the bank statement is $11.500 Balance as per books is $10,100 Check #506 for $1,300 and check #510 for $900 were not shown on the June 30, bank statement * A deposit in transit of $2,861 had not been received by the bank when the bank statement was generated. A bank debit memo indicated an NSF check for S70 written by Jane Smith to Juno Company on June 13, A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $51 on June 20 The bank statement indicated service charges of $20 What is the adjusted book balance? O A $7.951 OB. $12.181 C. $7.900 D. $12.161 Which of the following is representative of safeguarding assets? O A. allowing company accountants to handle cash O B. reducing expenses to increase operating profit O C. increasing operating profit to increase net income D. attaching electronic sensors to merchandise inventory Which of the following is the last step in the daily control over cash receipts by mall? FREE O A. The controller opens the mail and sends the remittance advices to the accounting department OB. A mallroom employee sends all customer checks to the treasurer who has the cashier make the bank deposit OC. The controller compares the records of the day's bank deposit amount from the treasurer and the debit to Cash from the accounting department OD. The accounting department prepares journal entries to cash and the customers' accounts The is the party to a credit transaction who takes on the obligation /payable (a liability) A owner B. receiver 6 O C. debtor OD. creditor
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