Match the reconciling items from the left-hand column with the proper reconciling action from the right-hand column:
Question:
Match the reconciling items from the left-hand column with the proper reconciling action from the right-hand column:
1. Deposits in transit
2. Outstanding checks
3. Bank service charge
4. Cash collected by bank on note
a. Add to bank statement balance
b. Subtract from bank statement balance
c. Add to cash general ledger account
d. Subtract from cash general ledger account
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Related Book For
Financial & Managerial Accounting For Undergraduates
ISBN: 9781618533104
2nd Edition
Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
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