The following reconciling items are applicable to the bank reconciliation for Ellington Company: (1) Outstanding checks, (2)
Question:
(1) Outstanding checks,
(2) Bank debit memorandum for service charge,
(3) Bank credit memorandum for collecting a note for the depositor,
(4) Deposits in transit. Indicate how each item should be shown on a bank reconciliation.
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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