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Accounting 201 - Chapter 4 Review Test Quiz

Question 1 of 3

Q1 . In a bank reconciliation, items recorded by the company, but not yet been recorded by the bank, include

Q2 . A fund with a small amount of cash on hand for minor disbursements is called a

Q3 . Herbert Company deposited $25,000 in its bank on the same day as—but after—the bank prepared Herbert Company's bank statement. The deposit should appear on the bank reconciliation as a(n) __________ and is called a(n) __________.

Q4 . Checks written by a company, but not yet paid by the bank, appear on the bank reconciliation as __________ and are called __________.

Q5 . In a bank reconciliation, a NSF check is

Q6 . Interest paid by the bank to a company's account should appear on the bank reconciliation as

Q7 . The book side of a bank reconciliation includes

Q8 . A bank collected $200 on behalf of its customer. The $200 should appear on the bank reconciliation as

Q9 . In a bank reconciliation, an EFT cash receipt is

Q10 . The bank statement showed a NSF check of $300. In a bank reconciliation, this would be shown as a

Q11 . When preparing a bank reconciliation, which of the following items should be subtracted from the bank balance?

Q12 . The entry to establish the petty cash fund is: DEBIT CREDIT

Q13 . In a bank reconciliation, items recorded by the bank, but not yet recorded by the company, include

Q14 . If a bank statement included a bank collection and related interest revenue, the journal entry to record this reconciling item should include a:

Q15 . Differences between the amount of cash reported on a company's bank statement and the balance in the company's Cash account before the bank reconciliation are primarily due to:

Q16 . If the bank records a deposit of $1,500 as $150, the error should be shown on a bank reconciliation as a(n):

Q17 . In a bank reconciliation, an EFT cash payment is

Q18 . The person who prepares the bank reconciliation

Q19 . Which of the following would need to be journalized from the bank reconciliation

Q20 . A bank statement included a NSF check from customer Kim Fields for $2,100. The journal entry to record this reconciling item should

Q21 . The checks that have been paid by the bank on behalf of the depositor, which are included with the bank statement, are called:

Q22 . If a bookkeeper mistakenly records a disbursement as $810 instead of the correct amount of $180, the error should be shown on the bank reconciliation as a(n):

Q23 . If a bank reconciliation included deposits in transit amounting to $3,700, the journal entry to record this reconciling item:

Q24 . The entry to establish the change fund is: DEBIT CREDIT

Q25 . When preparing a bank reconciliation, which of the following items should be added to the book balance?

Q26 . A bank charge of $40 for imprinting checks would appear on the bank reconciliation as a(n) __________ to (or from) the _____ balance.

Q27 . If a bank statement includes an EFT payment of $945 for insurance, the journal entry to record this reconciling item should include a:

Q28 . Which of the following items will cause a difference between the book balance and the bank balance

Q29 . There are two records of a business's cash—the

Q30 . A bank reconciliation included an outstanding check of $1,300 for the purchase of supplies. The journal entry to record this reconciling item

Q31 . Cash Sales from the cash register tapes totaled $882. There is a change fund of $100. The cash count indicates that $984 is in the cash drawer. What journal entry would be required?