question 1 State Bank collected a note for Meadow Company. This collection, not

Question

question 1
State Bank collected a note for Meadow Company. This collection, not yet recorded in Meadow's books, appears on the bank reconciliation as a(n):
Answer A. Addition to balance per general ledger
B. Deduction from balance per bank statement
C. Addition to balance per bank statement
D. Deduction from balance per general ledger
E. None of the above
.1 points
Question 3

Which of the following items would you add to the bank statement balance to arrive at the reconciled cash balance in a bank reconciliation:
Answer A. Bank service charges
B. Outstanding checks
C.

Explanation / Answer

1. C. Addition to balance per bank statement 3. D. Outstanding checks 4. C. “NSF' checks 5. D. Deducted from balance per general ledger 6. D. $8,055 7. B. $ 9,520

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