For each of the items below, use the following letters to identify the correct treatment in a bank reconciliation.
Add to balance per bank Add to balance per books
Deduct from balance per bank 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:
Verified
2. B
3. C
4. D
...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q100: What purpose is served by a factoring
Q130: Why do businesses need to keep some
Q141: What is a compensating balance? By whom
Q147: In case of a dishonored note the
Q148: Assume that the $1,000, 90-day, 8 percent
Q150: Use the following T account to
Q153: Sally's Dress Shop has $5,800 in Accounts
Q154: Cottage Sales Company made most of its
Q156: Assume that on January 15, a
Q157: The following data exist for Conner
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents