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How artsy adjust for the nsf check on bank reconciliation

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Question - The petty cash fund for Sunflower Co. was established at $100. After the first month, the cash in the petty cash box amounted to $21. The receipts in the petty cash box included a receipt from Office Depot for $32, a receipt from a grocery store for $26, and a postage COD receipt for $21. Which of the following would be included in the journal entry to replenish the petty cash fund?

-Debit to Cash Short (Over); $5

-Credit to Cash Short (Over); $5

-Credit to Cash; $79

-Credit to Supplies Expense; $32

Artsy Co. received notification from their bank that one of their customer's checks bounced (NSF). How would Artsy adjust for the NSF check on the bank reconciliation?

Subtract from bank statement (bank side)

Subtract from company records (book side)

Add to company records (book side)

Add to bank statement (bank side)

Reference no: EM133003345

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