Question 1 in preparing a bank reconciliation, outstanding checks are

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Question 1 
In preparing a bank reconciliation, outstanding checks are
 
deducted from the balance per bank. 
added to the balance per bank. 
deducted from the balance per books. 
added to the balance per books.
 
Question 2 
Which one of the following would not cause a bank to debit a depositor’s account?
 
Bank service charge 
Checks marked NSF 
Wiring of funds to other locations 
Collection of a note receivable
 
Question 3 
Rebekah Grace has worked for Specoly Inc., for 20 years without taking a vacation. An internal control feature that would address this situation would be
 
documentation procedures. 
establishment of responsibility. 
physical controls. 
other controls.
 
Question 4 
An example of poor internal control is
 
The custodian of an asset should not maintain or have access to the accounting records. 
The accountant should not have physical custody of the asset nor access to it. 
One person should be responsible for handling related transactions. 
A salesperson makes the sale, and a different person ships the goods.
 
Question 5 
Jolene is warehouse custodian and also maintains the accounting record of the inventory held at the warehouse. An assessment of this situation indicates
 
documentation procedures are violated. 
independent internal verification is violated. 
segregation of duties is violated. 
establishment of responsibility is violated.
 
Question 6 
At June 30, Yaddof Company has the following bank information: cash balance per bank $1,800; outstanding checks $340; deposits in transit $275; credit memo for interest $75; bank service charge $10. What is Mareska’s adjusted cash balance on June 30?
 
$1,865 
$1,800
$1,735      
$1,810
 
Question 7 
In the month of November, Kinsey Company Inc. wrote checks in the amount of $27,750. In December, checks in the amount of $37,974 were written. In November, $25,404 of these checks were presented to the bank for payment, and $32,649 were presented in December. What is the amount of outstanding checks at the end of December?
 
$7,671           
$10,224 
$7,245 
$2,346
 
Question 8 
A petty cash fund of $100 is replenished when the fund contains $4 in cash and receipts for $93. The entry to replenish the fund would
 
credit Cash Over and Short for $3. 
debit Miscellaneous Expense for $3. 
credit Miscellaneous Revenue for $3. 
debit Cash Over and Short for $3.     
 
Question 9 
Winter Gloves Company had checks outstanding totaling $12,800 on its May bank reconciliation. In June, Winter Gloves Company issued checks totaling $79,800. The July bank statement shows that $71,400 in checks cleared the bank in July. A check from one of Winter Gloves Company’s customers in the amount of $2,000 was also returned marked “NSF.” The amount of outstanding checks on Winter Gloves Company’s July bank reconciliation should be
 
$19,200. 
$8,400. 
$23,200. 
$21,200.      
 
Question 10 
Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation:
 
Cash balance per books, 7/31$22,000
Deposits in transit1,200
Notes receivable and interest collected by bank4,400
Bank charge for check printing80
Outstanding checks8,000
NSF check680
 
The adjusted cash balance per books on July 31 is
 
$25,640.     
$26,840. 
$17,640. 
$18,840.
 

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