Listed below are items that may be useful in preparing the March 2017, bank reco

Question

Listed below are items that may be useful in preparing the March 2017, bank reconciliation for the Carrinton Machine Works. Using the code letters below, insert in the space before each item the letter where the amount would be located or otherwise treated in the bank reconciliation process. Located or Treated Add to the cash balance per books Deduct from the cash balance per books Add to the cash balance per bank Deduct from the cash balance per bank Does not affect the bank reconciliation Code A D 1) Four checks written by Carrinton, #8712, #8716, #8718, #8719, totaling $5,369.65, did not clear the bank during March. 2) The bank charged Carrinton a monthly service fee of $25.

Explanation / Answer

Answer is :-

1) D. Deduct from the Cash Balance Per Bank.

2) B. Deduct from the Cash Balance Per Books

3) C. Add to the Cash Balance Per Banks

4) A. Add to the Cash Balance Per Books

5) B. Deduct from the Cash Balance Per Books

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