An earnings statement account that is used to record cash overages and also cash shorteras arising from omitted petty cash receipts and also from errors in making adjust is referred to as the: A)Cash Lost accountB) Bank Reconciliation accountC)Petty Cash account D)Cash Over and Short account
The entry vital to create a petty cash fund have to include: A)A debit to Cash and a crmodify to Petty Cash.B)A debit to Petty Cash and a credit to Accounts Receivable.C) A delittle bit to Petty Cash and a credit to Cash.D) A delittle to Cash and also a crmodify to Cash Over and Short.

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Assume that the custodian of a $450 petty cash fund has $62.50 in coins and also currency plus $382.50 in receipts at the end of the month. The enattempt to replenish the petty cash fund will certainly include: A) A delittle bit to Cash for $377.50. B) A crmodify to Cash Over and Quick for $5.00. C) A delittle to Petty Cash for $382.50.D) A credit to Cash for $387.50.
Outstanding checks refer to checks that have been: A) Written, recorded, sent to payees, and also obtained and phelp by the financial institution. B) Written and also not yet taped in the agency publications. C) Held by the agency as blank checks.D) Written and recorded on the agency books; sent to the customer, supplier, or creditor but not yet passist by the bank.
D) Written and tape-recorded on the firm books; sent out to the customer, supplier, or creditor but not yet paid by the bank.
A examine that was superior on last period"s financial institution reconciliation was not had via the canceled checks changed by the bank this duration. As a result, in preparing this period"s reconciliation, the amount of this examine should be: A) Deducted from the bank balance. B) Added to the bank balance. C) Added to the book balance. D) Deducted from the book balance.
In comparing the canceled checks on the financial institution statement through the entries in the accountancy records, it is found that inspect number 4239 for November"s rent was appropriately composed and also attracted for $3,790 yet was erroneously entered in the audit documents as $7,390. When reconciling the November financial institution statement, the company should: A) Deduct $3,600 from the book balance. B) Deduct $3,600 from the bank statement balance.C) Add 3,600 to the book balance. D) Add $7,390 to the book balance.

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Triple Company"s accountant made an entry that had the following items: delittle postage cost $12.42, debit office offers expense $27.33, crmodify cash over/brief $2.19. If the original amount in petty cash is $320, exactly how a lot is in petty cash prior to the reimbursement? A) $282.44B)$320.00C) $278.06D) $37.56
Given the adhering to information:Petty cash balance, $450.00 Courier receipt, $82.50Postage receipt, $48.00 Office Supplies receipt, $56.22Business meal receipt, $102.34 Cash on hand at the finish of the month, $76.21What is the amount of cash over and also short? A) Debit $84.73. B) Delittle $160.94. C) Crmodify $160.94. D) Crmodify $84.73.
Fluffy Pet Grooming deposits all cash receipts on the day as soon as they are obtained and all cash payments are made by inspect. At the cshed of organization on June 30, its Cash account reflects a $14,811 delittle bit balance. Fluffy Pet Grooming"s June 30 bank statement reflects $14,472 in the financial institution. Prepare a financial institution reconciliation for Fluffy Pet Grooming making use of the following information:a.Outstanding checks as of June 30 full $2,261.b.The June 30 bank statement included a $75 delittle bit memorandum for financial institution services.c.Check No. 919, listed with the canceled checks, was properly attracted for $789 in payment of a energy bill on June 15. Fluffy Pet Grooming erroneously recorded it via a delittle bit to Utilities Expense and a crmodify to Cash in the amount of $798.d.The June 30 cash receipts of $2,534 were placed in the bank"s night depository after banking hours and were not tape-recorded on the June 30 bank statement. What is the changed bank balance? A) $14,265B) $14,538C) $14,745D) $14,677
The following indevelopment is obtainable to reconcile Sleepy Time Bedding"s book balance of cash with its bank statement cash balance as of July 31:a.On July 31, the company"s Cash account has a $25,862 delittle bit balance, but its July bank statement mirrors a $28,177 cash balance.b.Check No. 1531 for $1,520 and also Check No. 1540 for $752 were superior on the June 30 financial institution reconciliation. Check No. 1540 is noted via the July canceled checks, yet Check No. 1531 is not. Also, Check No. 1565 for $536 and Check No. 1569 for $2,288, both composed in July, are not among the canceled checks on the July 31 statement.c.In comparing the canceled checks on the bank statement via the entries in the accountancy documents, it is found that Check No. 1556 for July rent was effectively created and also drawn for $1,240 yet was erroneously gotten in in the bookkeeping records as $1,230.d.A credit memorandum enclosed via the July financial institution statement shows the financial institution accumulated $9,500 cash on a receivable for Sleepy Time Bedding, deducted a $48 collection fee, and also attributed the remainder to its account. Sleepy Time Bedding had not tape-recorded this event before receiving the statement.e.A delittle memorandum for $805 lists a $795 NSF inspect plus a $10 NSF charge. The inspect had been got from a customer, Evan Shaw. Sleepy Time Bedding has not yet videotaped this check as NSF.f.Enclosed with the July statement is a $14 delittle bit memorandum for bank services. It has actually not yet been tape-recorded because no previous notice had been received.g.Sleepy Time Bedding July 31 day-to-day cash receipts of $10,652 were put in the bank"s night depository on that date, but do not appear on the July 31 bank statement.What is the changed book balance? A) $34,485B)$27,025C) 28,150D) $34,994
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