I need help doing this 4 Identify each of the following reconciling items as (a)
ID: 2532494 • Letter: I
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I need help doing this
4 Identify each of the following reconciling items as (a) addition to the cash balance per bank statement (b) a deduction from the cash balance per bank statement, (c) an addition to the cash balance per company's records, or (d) a deduction to the cash balance per company's records. tem Add to Bank balance Deduct from Add to bank balance company Company Deduct from balance balance 1.Note collected by bank ?.check printing fee charged by bank 3.Check written for $125 recorded in the check register as $521. 4. Deposit in transit 5. Bank Service charges 6·Check for $1,100 incorrectly recorded by the bank as $110. 7.Deposit made on June 30th of $5400 doesn't appear on bank statement. 8. Outstanding checks 9. Debit memo for NSF check 10.A deposit of $4,444 made by another company was deposited in our company's account by bank.Explanation / Answer
Items Add to bank balaance Deduct from bank balance Add to company balance Deduct from Company balance 1. Note Collected by Bank ? 2. Check printing fee charged by bank ? 3. check written for $125 recorded in the check register as $521 ? 4. Deposit in transit ? 5. Bank service charges ? 6. Check for $1,100 incorrectly recorded by bank as $110 ? 7. Deposit made on June 30 of $5,400 doesn't appear on bank statement ? 8.Outstanding checks ? 9.Debit Memo for NSF check ? 10. A deposit of $4,444 made by another company was deposited in our company's account by bank ?
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