Which one of the following statements is true? Oa. Good cash management practice dictates that large cash balances should be maintained. Ob. Sound internal control practice dictates that disbursements should be made by check. Oc. The person handling cash should also prepare the bank reconciliation. Od. Petty cash can be substituted for a checking account to expedite the payment of all disbursements. Which of the following procedures is not part of the preparation of a bank reconciliation for a checking account? Oa. Looking for bank services charges and other items on the bank statement that have not yet been included in the cash account. Ob. Comparing canceled checks returned with the bank statement to the cash account to identify outstanding checks Oc. Reversing all the transactions recorded on the company's records that do not yet appear on the bank statement Od. Comparing deposits listed on the bank statement to the cash account to identify deposits in transit Which of the following items would be added to the company's cash balance on a bank reconciliation? Oa. bank service charges Ob. outstanding checks Oc deposits in transit Od. Interest eared on the bank account While preparing a bank reconciliation, which of the following items would be subtracted from the balance per the bank statement? Oa. deposits in transit Ob. outstanding checks Oc. interest earned on the bank account Od. bank service charges Which of the following statements best describes the term "outstanding check from a company's point of view? Oa. A check written by the company and presented to the bank for payment. Ob. A check written by the company but not yet presented to the bank for payment. Oc. A check written by a customer to the company, but it has not yet been presented to the bank for payment. Od. A check written by a customer to the company, and the check has been presented to the bank for payment. Which of the following is an example of a credit memo? Oa notice of interest earned on a checking account Ob.notice of a bank service charge Oc. outstanding checks Od. a company's transposition error in the recording of a customer's check A treasurer preparing the October bank reconciliation identified the following items: $32,800 4,300 Cash balance per the company's records Deposits in transit Outstanding checks Interest earned on the checking account NSF check from customer 2,200 100 400 What is the company's adjusted cash balance at October 31? Oa. $32,500 Ob. $32,800 Oc. $34,900 Od. $34,600