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Bank Reconciliation--Classification
Indicate How the Following Items Would Be Treated

Question 171

Essay

Bank reconciliation--classification
Indicate how the following items would be treated in Aladdin's Limited's bank reconciliation. Choose from the following answers:
(a.) Deducted from the balance per accounting records.
(b.) Added to balance per accounting records.
(c.) Deducted from balance per bank statement.
(d.) Added to balance per bank statement.
____ 1.  Btems  Limited ____ 2.  Deposits in transit at the end of the month. ____ 3.  A deposit of $4,364.21 recorded in the accounting records as $4,346.21____4. Collection of rent from one of Aladdin’s tenants who makes payment  directly to the bank. ____5. Interest earned on the average balance during the month. ____6. Checks outstanding at the end of the month. ____ 7.  Customer checks deposited in the bank but retumed as NSF. ____ 8.  Check No. 153, which was written in the amount of $475 but  recorded by the bank as $745\begin{array}{|l|l|l|}\hline \_\_\_\_&\text { 1. } & \begin{array}{l}\text { Btems } \\\text { Limited }\end{array} \\\hline \_\_\_\_&\text { 2. } & \text { Deposits in transit at the end of the month. } \\\hline \_\_\_\_&\text { 3. } & \begin{array}{l}\text { A deposit of } \$ 4,364.21 \text { recorded in the accounting records as } \\\$ 4,346.21\end{array} \\\hline \_\_\_\_&4 . & \begin{array}{l}\text { Collection of rent from one of Aladdin's tenants who makes payment } \\\text { directly to the bank. }\end{array} \\\hline \_\_\_\_&5 . & \text { Interest earned on the average balance during the month. } \\\hline \_\_\_\_&6 . & \text { Checks outstanding at the end of the month. } \\\hline \_\_\_\_&\text { 7. } & \text { Customer checks deposited in the bank but retumed as NSF. } \\\hline \_\_\_\_&\text { 8. } & \begin{array}{l}\text { Check No. } 153 \text {, which was written in the amount of } \$ 475 \text { but }\\\text { recorded by the bank as } \$ 745 \text {. }\end{array} \\\hline\end{array}

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