ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 80

Deposits in transit

600

Notes receivable and interest collected by bank

1,480

Bank charge for check printing
Outstanding checks

50
3,000

NSF check

280

The adjusted cash balance per books on June 30 is
· Question 14
Which of the following is least likely to help a company minimize
losses as credit standards are relaxed?
· Question 15
A company usually determines the amount of supplies used during a
period by:
· Question 16
If a company is given credit terms of 2/10, n/30, it should
· Question 17
Independent internal verification of the physical inventory process
occurs when
· Question 18
Two companies report the same cost of goods available for sale but
each employs a different inventory costing method. If the price of
goods has increased during the period, then the company using
· Question 19
At Emerson Company, one bookkeeper prepares the cash deposits
while the other bookkeeper enters the collections in the journal and