What the bank reconciliation will require an

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Problem 1: The bookkeeper recorded a bank deposit at $450, but the bank recorded the deposit at its correct amount of $540. The bank reconciliation will require a(an)

A) addition per book balance of cash

B) deduction per book balance of cash

C) addition per bank statement balance

D) deduction per bank statement balance

Problem 2: The bookkeeper recorded a check at $340.56 for store supplies. The check was recorded by the bank at its correct amount of $430.65. The bank reconciliation will require a(an)

A) addition per book balance of cash

B) deduction per book balance of cash

C) addition per bank statement balance

D) deduction per bank statement balance

Problem 3: A $300 petty cash fund has cash of $39 and receipts of $255. The journal entry to replenish the account would include

A) debit to Cash for $255.

B) credit to Petty Cash for $255.

C) debit to Petty Cash for $261.

D) credit to Cash for $261.

Reference no: EM132902419

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