ACC 556 Experience Tradition/ tutorialrank.com ACC 556 Experience Tradition/ tutorialrank.com | Page 24

Which of the following would be added to the balance per bank on a bank reconciliation ?
Question 15
Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry :
Question 16
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 ?