bank reconciliation revealed cash per the bank statement of $1,484, cash per company records of $1,681, bank charges of $11, deposits in transit of $317, outstanding checks of $221, and NSF checks of $90. The correct cash balance is? Question 1 options: $1,777 $1,479 $1,490 $1,580 Looking for a Similar Assignment? Order now and […]
Question 2 (7 points) <br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/><br/>A bank reconciliation revealed bank charges of $11, outstanding checks of $221, and NSF checks of $90. The journal entry to cause the company records to match the correct adjusted ending cash balance includes: Question 2 options: a credit to cash for $101 a credit to cash for $322 a credit to cash […]
Alpha Company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $182. The journal entry to reflect replenishment would include: Question 3 options: debits to expense of $318 a credit to Petty Cash for $318 a debit […]
Trading securities were purchased for $100,000. Initially the investment climbed in value to $125,000. By year’s end, it had decreased in value to $90,000. At what amount should the trading securities be reported on the year-end balance sheet? Question 4 options: $90,000 $100,000 $125,000 None of these. Looking for a Similar Assignment? Order now and Get 10% […]
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