Using the information from question 2, the journal entries to adjust Hapley’s book balance of cash to the bank’s balance of cash on November 30 will include a

a. Debit to Cash for the \($10\) bank service charge.

b. Credit to Cash for \($638\) of outstanding checks.

c. Debit to Cash for \($795\) of deposits in transit.

d. Debit to Cash for \($320\) for collection of note, net of bank collection fees.

e. Debit to Cash for the \($153\) difference between the bank’s balance of Cash and the book balance of Cash.

Question 2:

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2. The following information is available for Hapley Company: The November 30 bank statement shows a $1,895 balance. The general ledger shows a $1,742 balance at November 30. A $795 deposit placed in the bank's night depository on November 30 does not appear on the November 30 bank . statement. Outstanding checks amount to $638 at November 30. A customer's $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley's account. A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement. How will the customer's note appear on Hapley's November 30 bank reconciliation? a. $320 appears as an addition to the book balance of cash. b. $320 appears as a deduction from the book balance of cash. c. $320 appears as an addition to the bank balance of cash. d. $320 appears as a deduction from the bank balance of cash. $335 appears as an addition to the bank balance of cash.