Which of the following is considered cash for financial reporting purposes? Multiple Choice Prepaid insurance. Credit card purchases. Investments in a 6-month Certificate of Deposit Amounts held in checking accounts. Which of the following is considered cash for financial reporting purposes? Multiple Choice Coins and currency Debit card sales. O Checks received from customers. All of the choices are correct. Which of the following is considered cash for financial reporting purposes? Multiple Choice Inventory that is likely to be sold within three months. Amounts to be collected from customers. O Amounts owed to suppliers. Balances in savings accounts. Which of the following adjusts the bank's balance of cash in a bank reconciliation? Multiple Choice Interest on bank deposit. NSF check Deposits outstanding. Bank service fees When preparing a bank reconciliation, nonsufficient funds (NSF) checks would be: Multiple Choice Added to the company's cash balance. Added to the bank's cash balance. Subtracted from the company's cash balance. Subtracted from the bank's cash balance. Which of the following adjusts the company's balance of cash in a bank reconciliation? Multiple Choice Interest on bank deposit Checks outstanding An error by the bank. Deposits outstanding. A company's petty cash refers to: Multiple Choice O Cash used to pay employee salaries. Investment in short-term securities, Cash held in the bank. O Cash on hand to pay for minor purchases. When employee expenditures with company-issued credit cards are recorded: Multiple Choice O Cash is debited. O Expenses are credited Retained Earnings is debited. O Accounts Payable is credited. At any given time, the amount of cash in the petty cash fund should equal Multiple Choice All vouchers written during the accounting period, The established balance of the fund less all vouchers written during the accounting period The amount of cash withdrawn from the fund during the accounting period, The amount of cash used to establish the fund When preparing a bank reconciliation, outstanding checks would be: Multiple Choice Added to the company's cash balance. Added to the bank's cash balance. Subtracted from the company's cash balance. Subtracted from the bank's cash balance