Assess each of the following items and indicate the proper treatment of each case as one of the following:
Addition to the book balance (+ Book)
Subtraction from the book balance (- Book)
Addition to the bank balance (+ Bank)
Subtraction from the bank balance (- Bank)
______ 1. A cheque for $680 received from a customer was recorded as $860 in the books.
______2. A deposit for $580 was shown in the bank statement as $530.
______3. A cheque for $1,250 issued to pay a supplier was not cleared from the bank.
______4. An NSF cheque for $720 was returned with the bank statement
______5. An EFT receipt for $50 from a purchase rebate.

  • CreatedJuly 08, 2015
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