SHORT ANSWER. Write the word or phrase that best completes each question. 12 For
ID: 2515702 • Letter: S
Question
SHORT ANSWER. Write the word or phrase that best completes each question. 12 For each of the following events, match the event with the section of the bank 17 nciliation in which it is listed, if at all, and indicate the operation performed. Operation Section B Bank Statement A Addition to this section C Company's Books D Deduction from this section N Neither N No impact Section Operation Event Your company records a check payable to a Your company has a deposit in transit. The bank pays interest on your account. Your company writes six checks that clear the 2. 4. bank Your company has written two checks which have not cleared the bank. 5. The bank charges your company $6 in service 6. Your company failed to record a withdrawal .from the account. Your company makes three deposits that have all been recorded by the bank. A check deposited by your company bounces.Explanation / Answer
No. Event Section Operation 1 Your company records a check payable to a vendor in the amount of $ 18.67 as $ 13.67 Company's Books Deduction from this section 2 Your company has deposit in transit Neither No Impact 3 The bank pays interest on your account Company's Books Addition to this section 4 Your company writes six checks that clear the bank Bank Statement Deduction from this section 5 Your company has written two checks which have not cleared the bank Company's Books Addition to this section 6 The bank charges your compnay $6 in service fees Company's Books Deduction from this section 7 Your company failed to record a withdrawal from the account. Company's Books Deduction from this section 8 Your company makes three deposits that have all been recorded by bank Company's Books Addition to this section 9 A check deposited by your company bounces Company's Books Deduction from this section
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