Select all that applyThe bank reconciliation of ABC Co. is provided below. Demonstrate the required adjusting entries needed to update the Cash account in the general ledger by selecting the correct entries below.  Bank balance$1,005Book balance$1,250Add: Deposit in transit300Add: Interest earned50Less: Outstanding checks185Less: NSF check - J. Roberts180Multiple select question.Debit NSF Expense $180 and credit Cash $180.Debit Interest Revenue $50 and credit Cash $50.Debit Cash $50 and credit Interest Revenue $50.Debit Cash $300 and credit Revenues $300.Debit Accounts Receivable $180 and credit Cash $180.

After posting the required adjusting journal entries from the bank reconciliation below, show what the balance of the Cash account in ABC Co.'s general ledger will be by selecting the correct answer below.  Bank balance$1,005Book balance$1,250Add: Deposit in transit300Add: Interest earned50Less: Outstanding checks185Less: NSF check - J. Roberts180Multiple choice question.Cash will have a balance of $1,250.Cash will have a balance of $1,120.Cash will have a balance of $1,005.Cash will have a balance of $1,300.

The bank reconciliation of XYZ Co. is provided below. Demonstrate the entries needed to update the Cash account in the general ledger by selecting the correct answers below. Bank Statement Balance$2,010Book Balance$2,200Add: Deposit in transit600Add: Note receivable collected by bank100Less: Outstanding checks370Less: Bank service charges60Multiple select question.Debit Note Receivable $100 and credit Cash $100.Debit Bank Service Charge Expense $60 and credit Cash $60.Debit Cash $600 and credit Revenues $600.Debit Cash $100 and credit Note Receivable $100.Debit Miscellaneous Expense $370 and credit Cash $370.

Calculate the adjusted cash balance per books of ABC Co. given the following information.  ItemAmountBalance per bank statement$10,005Balance per cash account book balance9,500Deposit in transit300Interest earned on the depositor's balance55NSF check100Outstanding checks850Multiple choice question.$9,510$8,550$9,455$10,305

Select all that applyWhich of the following steps are necessary to reconcile the bank balance and the cash account balance.Multiple select question.Adjust the company's cash balance for items not in company recordsAdjust bank's cash balance for items not in bank statementRecord items that reconcile the company's cash balanceRecord items that reconcile the bank's cash balance

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