NSF checks are the same as ______. (Select all that apply.)Multiple select question.non-sufficient funds checksoutstanding checksbounced checksEFT checks

A check that you have written has cleared the bank when ______.Multiple choice question.the bank notifies you that you have insufficient funds to cover the check (NSF)the supplier to whom you gave the check deposits it in his bank accountthe supplier to whom you gave the check records the payment receivedfunds have been withdrawn from your bank account to cover the check

Which of the following are true regarding a bank statement. (Select all that apply.)Multiple select question.The ending cash equals the cash balance per the accounting records.It lists all check written by the company for the month.It may include interest earnedIt lists all checks that have cleared the bank.It may include NSF checksIt may include service charges

Your customer's NSF check found on the bank statement is a reconciling item on a bank reconciliation and will need to be ______.Multiple choice question.added to the Cash balance in your accounting recordsdeducted from the Cash balance in your accounting recordsadded back to the bank balancededucted from the bank balance twice since it was added in error originally

Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry:Group of answer choicesCash         Accounts Receivable No adjusting entry is necessary.Accounts Receivable         Cash Miscellaneous Expense         Accounts Receivable

Multiple Select QuestionSelect all that applyWhat are two characteristics of money market accounts?Multiple select question.Limited number of checks can be written per monthEarn a slightly higher interest rateTime restriction on the withdrawal of fundsFewer restrictions than a regular checking account