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.Bank error: A deposit of $280 is shown on the statement as $250
b.NSF check returned to the depositor
c.Automatic transfer for safe deposit fee
d.Error in the checkbook: a check written for $45 was recorded as $54
e.ATM withdrawal not recorded in the depositor's records
Correct Answer:
Verified
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
Q55: Indicate whether each of the following should
Q56: Compute the reconciled balance:
Bank statement balance: $642.75
Checkbook
Q58: A check register shows a balance of
Q59: A check register shows a balance of
Q60: A check register shows a balance of
Q61: The check register of Boswell Co. indicated
Q62: The check register of Clover Co. indicated
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