The following information is needed to reconcile the cash balance for Gourmet Catering Services. A deposit of
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The following information is needed to reconcile the cash balance for Gourmet Catering Services.
A deposit of $ is in transit.
Outstanding checks total $
The book balance is $ at February
The bookkeeper recorded a $ check as $ in payment of the current month's rent.
The bank balance at February was $
A deposit of $ was credited by the bank for $
A customer's check for $ was returned for nonsufficient funds.
The bank service charge is $
What was the adjusted book balance?
A $
B $
C $
D $
Which of the following illustrates the internal control procedure separation of duties?
A Cashiers must not have access to accounting records.
B External auditors will monitor internal controls.
C Electronic devices must be installed to reduce theft.
D The invoices and other documents must be prenumbered.
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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