Question: Using the information from question 2, how will the ($10) bank service charge appear on Hapleys November 30 bank reconciliation? a. ($10) appears as an

Using the information from question 2, how will the \($10\) bank service charge appear on Hapley’s November 30 bank reconciliation?

a. \($10\) appears as an addition to the book balance of cash.

b. \($10\) appears as an addition to the bank balance of cash.

c. \($10\) appears as a deduction from the book balance of cash.

d. \($10\) appears as a deduction from the bank balance of cash.

e. The service charge will not appear on the November 30 bank reconciliation.

Question 2:

2. The following information is available for Hapley Company: The November 30

2. The following information is available for Hapley Company: The November 30 bank statement shows a $1,895 balance. The general ledger shows a $1,742 balance at November 30. A $795 deposit placed in the bank's night depository on November 30 does not appear on the November 30 bank . statement. Outstanding checks amount to $638 at November 30. A customer's $335 note was collected by the bank in November. A collection fee of $15 was deducted by the bank and the difference deposited in Hapley's account. A bank service charge of $10 is deducted by the bank and appears on the November 30 bank statement. How will the customer's note appear on Hapley's November 30 bank reconciliation? a. $320 appears as an addition to the book balance of cash. b. $320 appears as a deduction from the book balance of cash. c. $320 appears as an addition to the bank balance of cash. d. $320 appears as a deduction from the bank balance of cash. $335 appears as an addition to the bank balance of cash.

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