A review of the bank statement and accounting records of Baker Company revealed

Question

A review of the bank statement and accounting records of Baker Company revealed the folil Item No. Description 1) 2) 3) 4) 5) 6) A NSF check written by one of Baker's customers. A credit memo refleoting interest revenue earned by Baker. A debit memo showing a bank service charge A certified check Three outstanding checks A deposit in transit. Which of the temts) would be subtracted from the unadjusted bank balance to determine the true cash balance? O ltem numbers 3 and 6 O Item number 5 O item numbers 3. 5. and 6 item number 6

Explanation / Answer

answer ) item number 5

Three outstanding checks is the correct answer

( the deposits in transit are added back to the unadjusted bank balance hence not the correct choice)

answer ) item number 5

Three outstanding checks is the correct answer

( the deposits in transit are added back to the unadjusted bank balance hence not the correct choice)

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.