ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / 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
NSF check

210
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?