IfabankreconciliationincludedanEFTpaymentof$670forinsurance,theentrytorecordthisreconcilingitemwouldincludea:
A. credittoprepaidinsurancefor$670
B. credittocashfor$670
C. debittocashfor$670
D. noentryisrequired
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Ifabookkeepermistakenlyrecordedan$85depositas$58,theerrorwouldbeshownonthebankreconciliationasa:
A. $27additiontothebookbalance
B. $27deductionfromthebookbalance
C. $85deductionfromthebookbalance
D. $85additiontothebookbalance
Abankreconciliationincludedanoutstandingcheckof$850forthepaymentofsalaries.Thejournalentrytorecordthisreconcilingitem:
A. shoulddebitsalariesexpenseandcreditcashfor$850
B. shoulddebitcashandcreditsalariesexpensefor$850
C. shoulddebitaccountspayableandcreditcashfor$850
D. isnotrequired.
Inabankreconciliation,abankcollectionofanotereceivableis:
A. addedtothebankbalance
B. deductedfromthebankbalance
C. addedtothebookbalance
D. deductedfromthebookbalance
Inabankreconciliation,interestrevenueis:
A. addedtothebankbalance
B. deductedfromthebankbalance
C. addedtothebookbalance
D. deductedfromthebookbalance
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