under article 2 of the ucc, why under article 2 of the ucc, why under article 2

Question

under article 2 of the ucc, why under article 2 of the ucc, why under article 2 of the ucc, why 157 morn #1. The bank statement for August 2016 shows anending balance or sam Item 2 On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account Item 83 On August 28 tho bank statement shows a return ihem of $100 plus a related bank fee of $10. The return item is a customers check that was returned because of insufficient funds check was also marked "do not redeposit" The 4. The bank statement shows a charge of $80 for check printing on August 20. The company realized this charge and already reduced the G/L balance to reflect this charge before the end of August tem W5. The bank statement shows that $8 was added to the checking account on August 31 for interest eamed by the company during the month of August hom #6. The company's Cash account at the ond cf August shows a balance of S957 tem #7. During te month of August the company wrote checks totaling more tan August 31 $3,021 of the checks writen in August had not yet cleared the bank and $200 of checks writen in June had not yet cleared the bank ltem #8. TheS 1.450 of cash received by he company on August 3 was recorded on the company's books as of August 31. However, the $1,450 of cash receipts was deposited at the bank on morning of September 1 . ltem #9 On August 29 the company's Cash account shows eash sales of S145 The bank satement amount deposited was actually $154. The company reviewed tho transactions and found that $154 was the correct amount General Ledger Input answers here rting balances: Add deposits in transit Less outstanding checks Returned check&bank; fee Intorest eamed GL eror Ending balances

Explanation / Answer

Bank General ledger Starting balance 2600 957 Add deposit in transit 1450 Less Outstanding checks -3221 (3021+200) Other Service charges -35 Return check and bank fees -110 (100+10) Interest earned 8 GL error 9 (154-145) Ending balance 829 829

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