Indicate what effect (#1-4) each situation (#a-f) will have on the bank reconciliation process. 1. Add to
Question:
1. Add to bank balance.
2. Deduct from bank balance.
3. Add to checkbook balance.
4. Deduct from checkbook balance.
_____ a. Check no. 140 was outstanding for $200.
_____ b. $300 deposit in transit.
_____ c. $190 NSF check.
_____ d. A check written for $15 was recorded in the company's books as $25.
_____ e. Bank collected a $1,000 note less a $50 collection fee.
_____ f. $12 bank service charge.
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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