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1) A restrictive endorsement on a check: A) can be further endorsed by someone else. B) permits the bank to use its best judgment. C) is the safest endorsement for businesses. D) None of these answers are correct. 2) Key points in working with a checkbook should include: A) the stub will be used in recording transactions and future reference. B) the number of the check is preprinted on the check. C) the amount written in words should start on the far left. D) all of the above. 3) A check for $78 is incorrectly recorded on the checkbook stub as $87. The $9 error should be shown on the bank reconciliation as: A) deducted from the balance per bank statement. B) added to the balance per bank statement. C) added to the balance per books. D) deducted from the balance per books. 4) Which of the following bank reconciliation items would not be reflected in a journal entry? A) Outstanding checks B) NSF customer check C) Collection of a note by the bank D) Bank service charges 5) The debit recorded in the journal to establish the petty cash fund is to: A) Petty Cash. B) Accounts Receivable. C) Cash. D) Accounts Payable. 6) A $100 petty cash fund has cash of $14 and valid receipts for $82. The entry to replenish the fund would include a: A) credit to Cash for $82. B) debit to Cash Short/Over for $4. C) debit to Cash for $82. D) debit to Petty Cash for $86.
young enterprises has budgeted sales in units for the next five months as followsnbspnbspjune5200
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At December 31, 2008, none of the executives had exercised their options. What is the impact on Filmore's net income for the year ended December 31, 2008 as a result of this transaction under the fair value method?
Internal control is a function of management, and effective control is based upon the concept of charge and discharge of responsibility and duty. The implementation, monitoring, and evaluation of internal control systems are described in-depth in the..
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