A table for a monthly bank reconciliation dated September 30 is given below. For

Question

A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or deducted from the book or bank balance, or whether it should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certein to select "NA" in fields which are not applicable.) oints Bank Balance Book Balance Shown on 1. NSF check from customer is returned on September 25 but not yet recorded by this company 2. Interest eamed on the September cash balance in the bank 3. Deposit made on September 5 and processed by the bank on September 6 eBook Checks written by another depositor but charged against this company's account 5. Bank service charge for September 6 Checks outstanding on August 31 that cleared the bank in September Print Check written against the companys account and cleared by the bank erroneously not References recorded by the company's recordkeeper eiaeal brdinrae t thn coripuny ut nod y 9 Checks wwitten and mailed to payees on October 2 10. Checks written by the company and mailed to payees on September 30 11. Night deposit made on September 30 after the bank closed 12 Special bank charge for collection of note in part 8 on this company's behalf and interest on a

Explanation / Answer

Bank Balance Book Balance Shown/Not Shown on Reconciliation 1. NSF check from customer is returned on September 25 but not yet recorded by this company. NA Deduct - Cr. Shown 2. Interest earned on the September cash balance in the bank. NA Add - Dr. Shown 3. Deposit made on September 5 and processed by the bank on September 6. NA NA Not Shown 4. Checks written by another depositor but charged against this company’s account. Add NA Shown 5. Bank service charge for September. NA Deduct - Cr. Shown 6. Checks outstanding on August 31 that cleared the bank in September. NA NA Not Shown 7. Check written against the company’s account and cleared by the bank; erroneously not recorded by the company’s recordkeeper. NA Deduct - Cr. Shown 8. Principal and interest on a note receivable to this company is collected by the bank but not yet recorded by the company. NA Add - Dr. Shown 9. Checks written and mailed to payees on October 2. NA NA Not Shown 10. Checks written by the company and mailed to payees on September 30. Deduct NA Shown 11. Night deposit made on September 30 after the bank closed. Add NA Shown 12. Special bank charge for collection of note in part 8 on this company’s behalf. NA Deduct - Cr. Shown

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.