Indicate whether each of the following should be (A) added to the bank statement balance, (B) subtracted from the bank statement balance, (C) added to the checkbook balance, or (D) subtracted from the checkbook when computing the reconciled balance.
a.Deposit in transit to the bank
b.Bank service charge
c.Outstanding checks
d.Interest on the account
e.Error in checkbook: $20 variance due to a check for $55 being recorded as $35
Correct Answer:
Verified
Q50: A check register shows a balance of
Q51: A check stub shows a balance brought
Q52: A check register shows a balance of
Q53: Indicate whether each of the following should
Q54: Compute the reconciled balance:
Bank statement balance: $1,234.00
Checkbook
Q56: Compute the reconciled balance:
Bank statement balance: $642.75
Checkbook
Q57: Indicate whether each of the following should
Q58: A check register shows a balance of
Q59: A check register shows a balance of
Q60: A check register shows a balance of
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