Question

27. Entries in the purchases journal are made A) from sales invoices B) from the general journal. C) without supporting documentation D) from purchase invoices 21. Which of the following is not an advantage of a subsidiary leder A) Shows transactions affecting one customer or one creditor in a single account. b) Helps locate errors in individual account C) Pits greater detail in the general ledger D) Makes possible a division of labor. 2. Racher Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $15.400 Note receivable collected by bank 3,400 Outstanding checks 3.000 Deposits in transit Bank service charge TOS NSF check IDO Using the above information, determine the cash balance per books before adjustments) for the Jeter Company A) 57,085 B) 513,700 C) 520,370 D) $22,070 30. Al April 30, Yaddor Company has the following bank information cash balance per bank 54,600, outstanding checks ST80, deposits in transit 3550, credit memo for interest $100, bank service charge $20. What is Mares adjusted cash balance on April 30 A) $4,370 B) 54,490 C) 54,600 D) $4,680 31. Fitrerald Company wrote checks totaling $17,080 during October and S13, 650 during November. 516,240 of these checks cleared the bank in October, and SIS20 cleared the bank in November. What was the amount of outstanding checks on November 301? A) $1,430 B) 5840 C) $1,270 D) $1,570 Page 6
please help

Answer 1

27. (D) from purchase invoices

28. (D) makes possible a division of labor

29.(B) $13,700

Reason= Balance as per bank+Deposit in transit-outstanding checks

$15,400+$6,300-$8,000

30. (A) $4,370

Reason=Balance as per bank+Deposit in transit-outstanding checks

$4,600+$550-$780

31.(C) $1,270

Reason:Checks wrote in October+checks wrote in november -checks cleared in october - checks cleared in november

$17,080+$18,650-$16,240-$18,220