Hello, I need help with the following question(s): rConnect x G Google x Chegg S

Question

Hello, I need help with the following question(s):

rConnect x G Google x Chegg Study | Guided Sol x ? | Secure l https://newconnect.mheducation.com/flow/connect.html Ch 6 Exercises Help Save & Exit Submit Saved Check my work 5 QS 6-5 Bank reconciliation LO P3 1 & 2. For each of the following items, indicate whether its amount affects the bank or book side of a bank reconciliation and represents an addition or a subtraction in a bank reconciliation and whether an adjusting journal entry isrequired pcinis Items Bank or Book Addition or SubtractionAdjusting entry required eBook a Interest on cash balance b. Bank service charges c. Debit memos d. Outstanding checks e. Credit memos f NSF checks g Outstanding deposits Piint References Mc Graw 11:51 PM O Type here to search ^ 41) 7/8/2018

Explanation / Answer

SOLUTION

All the items that would effect book side would require journal entry.

Particulars Bank or Book Addition or Subtraction Interest on cash balance Book side Addition Bank service charges Book side Subtraction Debit memos Book side Subtraction Outstanding checks Bank side Subtraction Credit memos Book side Addition NSF checks Book side Subtraction Outstanding deposits Bank side Addition

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