0 of 8 Questions completed
Questions:
You have already completed the quiz before. Hence you can not start it again.
You must sign in or sign up to start the quiz.
You must first complete the following:
Quiz complete. Results are being recorded.
0 of 8 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0 )
Earned Point(s): 0 of 0 , (0 ) 0 Essay(s) Pending (Possible Point(s): 0 )
Show Question
1
Show Question
2
Show Question
3
Show Question
4
Show Question
5
Show Question
6
Show Question
7
Show Question
8
Review
Answered
Correct
Incorrect
Question 1 of 8
The Cash account on the balance sheet should not include which of the following items :
Question 2 of 8
A credit memorandum accompanying a bank statement would occur for which of the following items?
Question 3 of 8
When reconciling the ending cash balance per the bank statement to the correct adjusted cash balance, how would deposits in transit be handled?
Question 4 of 8
A bank reconciliation sometimes points to the need for adjusting entries. In general, the source of the adjustments is:
Question 5 of 8
Malory Company provides the following information about the month-end bank reconciliation:
Ending cash per bank statement
$1,367
Ending cash per company records
7,383
Monthly bank service charge
25
Deposits in transit at month-end
8,345
Outstanding checks at month-end
2,399
Customer check returned NSF
45
The correct ending cash balance is:
Question 6 of 8
Malory Company provides the following information about the month-end bank reconciliation:
Ending cash per bank statement
$1,367
Ending cash per company records
7,383
Monthly bank service charge
25
Deposits in transit at month-end
8,345
Outstanding checks at month-end
2,399
Customer check returned NSF
45
What journal entry should be recorded to cause the company records to be correct?
Cash 70
Cash Short & Over 70
Correct
Incorrect
Correct answer
Miscellaneous Expense 70
Cash 70
Correct
Incorrect
Correct answer
Miscellaneous Expense 25
Accounts Receivable 45
Cash 70
Correct
Incorrect
Correct answer
Miscellaneous Expense 2,399
Cash 2,399
Correct
Incorrect
Correct answer
Question 7 of 8
When using a petty cash system, the replenishment of the fund would normally include a debit to:
Question 8 of 8
Short-term investments owned by a company are:
