Identify where each of the following transactions would be found on the bank reconciliation. Transaction Outstanding check
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Identify where each of the following transactions would be found on the bank reconciliation.
Transcribed Image Text:
Transaction Outstanding check Interest income NFS check Wire transfer by customer Deposit in transit Bank charges Increase to Bank Side Decrease to Bank Side Increase to Book Side Decrease to Book Side
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Step 1 Bank reconciliation Bank reconciliation is a statement which is prepared to re...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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