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For Each of the Items Below, Use the Following Letters A= \mathrm{A}=

Question 152

Essay

For each of the items below, use the following letters to identify the correct treatment in a bank reconciliation.
A= \mathrm{A}= Add to balance per bank C=\quad\quad\quad\quad \mathrm{C}= Add to balance per books
B= \mathrm{B}= Deduct from balance per bank D=\quad\quad \mathrm{D}= Deduct from balance per books ____ 1. Interest income
____ 2. Outstanding checks
____ 3. Check written for $89, but $98 recorded in books
____ 4. Customer's NSF check
____ 5. Note receivable collected by bank
____ 6. Deposit made for $70, but $700 recorded in books
____ 7. Bank check-printing charge
____ 8. Check written for $52, but $25 recorded in books
____ 9. Deposits in transit
____ 10. Bank fee for collection on note receivable

Correct Answer:

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1. C
2. B
3. C
4. D
...

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