Ch6_Summary_Practice_Test - Ch 6 Summary Practice Test Name...

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Ch 6 Summary Practice Test Name: Section: Date: Part I Instructions Fill in the blank to complete the statement. 1. limit any further negotiations of a check. 2. Deposits in transit are to the bank balance. 3. All adjustments to the checkbook balance in the reconciliation process will require . 4. Petty cash is an found on the balance sheet. 5. The auxiliary petty cash record is not a . 6. A is an asset used to make change for customer. 7. A cash overage will be on the income statement. 8. represents checks not processed by the bank at the time the bank statement was prepared. 9. When a bank debits your account, your balance will . 10. is a procedure whereby the bank does not return the processed checks. Part II Instructions Indicate which of the following procedures are involved in each of the transactions below. a. Recorded in general journal b. Recorded in both general journal and auxiliary petty cash record c. Recorded only in auxiliary petty cash record d. New check is written e. Account petty cash is increased
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Ch6_Summary_Practice_Test - Ch 6 Summary Practice Test Name...

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