For each of the following items, indicate whether or not the balance per bank should be adjusted.
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For each of the following items, indicate whether or not the balance per bank should be adjusted. For each item that affects the balance per bank, indicate whether the item should be added to (+) or subtracted from (–) the balance perbank.
Transcribed Image Text:
Balance per bank adjusted? - ltem Outstanding checks Service charge by bank NSF check from customer Deposits in transit Error made by the bank Note receivable collected by the bank Yes
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Balance per Type of Item Bank adjustment Outstanding checks Yes Service charge by bank No ...View the full answer
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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