For each of the following items a through g, indicate whether its amount (1) Affects the bank
Question:
(1) Affects the bank or book side of a bank reconciliation,
(2) Represents an addition or a subtraction in a bank reconciliation,
(3) Requires an adjusting journal entry.
Transcribed Image Text:
Bank or Book Side Add or Subtract Adj. Entry or Not a. Interest on cash balance b. Bank service charges. c. Debit memos... d. Outstanding checks e. Credit memos. f. NSF checks. g. Outstanding deposits
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Question Posted:
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