[xemoceanlessx]

1. The CASH account in the Depositors Ledger is an what? (a)asset with debit balance (b) asset with credit balance (c) liability with a debit balance (d) liability with a credit balance


2. Following the completion of the bank rec. and adjusting entry was made that debited cash and redited Interest Revenue. Therefore the bank rec must have included an item that was... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?

3. A check drawn by a depositior for $180 in payment of liability was recored in the journal as $810. This item would be included on the bank rec as an... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


4. Journal entries based on the bank rec are required in the depositors account for... (a) outstanding checks (b) deposits in transit (c) bank errors (d) book errors


5. A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. This item would be included in the bank rec as an... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


6. Receipts from cash sales of $9500 were recorded incorrectly in the cash receipts journal as $5900. What entry is required in the depositors account... (a) debit sales: credit cash (b) debit cash: credit AR (c) debit cash: credit sales (d) debit AR: credit cash?

7. The amount of deposits in transit is included on the bank statement as... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?

8. What entry is required in the depositors accounts to record outstanding checks. (a) debit AR: credit cash (b) debit cash: credit AR (c) debit cash: credit AP (d) NONE

9. True/False : After a bank rec is completed, adjusting entries are prepared for items in the balance per depositors records as well as items in the balance per bank statement.?

[meski_123]

A chek drawn by a depositor for $180 in payment of liability was recorded in journal as $810. What entry is required in the depositor's account?

[meski_123]

Debit Account Receivable; credit Cash

[meski_123]

A check drawn by a depositor for $180 in payment of a liability was recorded in the journal as 810. What entry is required in the depositer's accounts?

[meski_123]

3. A check drawn by a depositior for $180 in payment of liability was recored in the journal as $810. This item would be included on the bank rec as an... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


4. Journal entries based on the bank rec are required in the depositors account for... (a) outstanding checks (b) deposits in transit (c) bank errors (d) book errors


5. A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. This item would be included in the bank rec as an... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


6. Receipts from cash sales of $9500 were recorded incorrectly in the cash receipts journal as $5900. What entry is required in the depositors account... (a) debit sales: credit cash (b) debit cash: credit AR (c) debit cash: credit sales (d) debit AR: credit cash?

7. The amount of deposits in transit is included on the bank statement as... (a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?

8. What entry is required in the depositors accounts to record outstanding checks. (a) debit AR: credit cash (b) debit cash: credit AR (c) debit cash: credit AP (d) NONE

9. True/False : After a bank rec is completed, adjusting entries are prepared for items in the balance per depositors records as well as items in the balance per bank statement.?

[pkalijkar]

a chek drawn by a depositor for $180 in payment of liability was recorded in journal as $810. what entry is required in the depositor's account?

Accounts payable debit 630
Depositor a/c credit 630

[morgaine300]

All of you, please read our guidelines on posting homework questions:

https://www.askmehelpdesk.com/financ...-b-u-font.html

xemoceanlessx and meski, do you really expect someone to just come on and do all your homework (or test?? ) questions for you? You need to both at least make some attempt to do your own work, and show us that you've made such attempt.

Meski, you need to start your own thread for your own questions.

pkalijkar, answering someone's homework for them not only means you're doing their work for them, but they generally don't learn much that way. They should be here to learn, not just get answers to homework. We like to have more integrity than some of those other Q&A sites.

[peacemaker68m]

3. A check drawn by a depositior for $180 in payment of liability was recored in the journal as $810. This item would be included on the bank rec as an ...(a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


4. Journal entries based on the bank rec are required in the depositors account for.... (a) outstanding checks (b) deposits in transit (c) bank errors (d) book errors


5. A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. This item would be included in the bank rec as an ........(a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?


6. Receipts from cash sales of $9500 were recorded incorrectly in the cash receipts journal as $5900. What entry is required in the depositors account... (a) debit sales: credit cash (b) debit cash: credit AR (c) debit cash: credit sales (d) debit AR: credit cash??

7. The amount of deposits in transit is included on the bank statement as....(a) deducted from the balance per depositiors records (b) deducted from the bank statement (c) added to the bank statement (d) added to the balance per depositiors records?

8. What entry is required in the depositors accounts to record outstanding checks.? (a) debit AR: credit cash (b) debit cash: credit AR (c) debit cash: credit AP (d) NONE

9. True/False : After a bank rec is completed, adjusting entries are prepared for items in the balance per depositors records as well as items in the balance per bank statement.??

I need the answer to your questions.

[morgaine300]

Have you been reading any of this thread at all? The thread is almost two years old, and I already posted the link to the guidelines for posting homework problems. We do not just do your homework for you. We will check your answers or help you understand the concepts, but we aren't here just to hand over the answers to you.

[najin]

What iteams are include in bank reconcliation?