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

Select all that applyDetermine which of the statement(s) are correct if a Petty Cash account is not replenished at the end of the accounting period. (Check all that apply.)Multiple select question.The income statement would reflect a net income amount that was too high.Expenses would not be recorded in the period in which they were incurred.The balance sheet would show an overstated cash asset.The balance sheet would show an understated cash asset.

Select all that applyWhat would cause a bank statement not to agree with the cash balance in the accounting records?Multiple select question.Deposits outstanding that have been recorded on the company's records, but not on the bank's.The company wrote checks that have cleared the bank.The company made an error in recording a deposit.The bank paid interest that the company has not recorded.The bank made an error in recording a deposit made by the company.

The ending balance in cash is reported in which financial statement(s)?Multiple choice question.The balance sheet and statement of cash flowsThe balance sheet and income statementThe statement of cash flows onlyThe balance sheet only

Select all that applyWhich of the following items are included in cash?Multiple select question.Currency and coinsNotes receivable from customersChecks from customersBalance in checking accountsAccounts receivable from customers

Select all that applyDetermine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.)Multiple select question.A check is drawn by the company cashier to establish the petty cash fund.The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time.The petty cashier is responsible for making payments from the petty cash fund.Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.The petty cashier is responsible for keeping the cash in the fund safe.When the fund is replenished, the petty cash fund account is debited.