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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?
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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