The following reconciling items are applicable to the bank reconciliation for Flenderson Company: (1) outstanding checks, (2)
Question:
The following reconciling items are applicable to the bank reconciliation for Flenderson Company: (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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Outstanding checks These are checks that have been written by the company but have not yet cle...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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