4.For each of the items below, use the following letters to identify the correct
ID: 2348738 • Letter: 4
Question
4.For each of the items below, use the following letters to identify the correct treatment in a bank reconciliation.A = Add to balance per bank C = Add to balance per books
B = Deduct from balance per bank 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 collect 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
Explanation / Answer
A = Add to balance per bank C = Add to balance per books B = Deduct from balance per bank D = Deduct from balance per books _C___1. Interest income __D__2. Outstanding checks __C__3. Check written for $89, but 98 recorded in books _D___4. Customer’s NSF check _A___5. Note receivable collect by bank __D__6. Deposit made for $70 but $700 recorded in books _B___7. Bank check-printing charge C____8. Check written for $52, but $25 recorded in books _A___9. Deposits in transit _D__10. Bank fee for collection on note receivable
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