Question: Using the data in BE7.10, indicate (a) the items that will result in an adjustment to the depositors records and (b) why the other items

Using the data in BE7.10, indicate (a) the items that will result in an adjustment to the depositor’s records and (b) why the other items do not require adjustment.

Data From Problem BE 7.10.

The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how each item should be shown on a bank reconciliation. a. Outstanding checks. b. Bank debit memorandum for service charge. c. Bank credit memorandum for collecting from customer an electronic funds transfer. d. Deposit in transit.

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