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Clark Company developed the following reconciling information
in preparing its September bank reconciliation:
Cash balance per bank, 9/30
$30,800
Note receivable collected by bank
16,800
Outstanding checks
25,200
Deposits in transit
12,600
Bank service charge
210
NSF check
3,360
Using the above information, determine the cash balance per
books (before adjustments) for the Clark Company.
Question 17
Of the following employees, who should prepare the bank
reconciliation?
Question 18
In the month of May, Lopat Company Inc. wrote checks in the
amount of $55,500. In June, checks in the amount of $75,948 were
written. In May, $50,808 of these checks were presented to the
bank for payment, and $65,298 in June. What is the amount of
outstanding checks at the end of May?
Question 19
All of the following are true regarding the management and
monitoring of cash except
Question 20
Match the items below by entering the appropriate code letter in
the space provided.
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ACC 556 Chapter 8 Quiz (100% Score)
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