Question: 19) Bank reconciliationclassification Indicate how the following items would be treated in Aladdin's, Inc.'s bank reconciliation. Choose from the following answers: (a.) Deducted from the

19) Bank reconciliationclassification

Indicate how the following items would be treated in Aladdin's, Inc.'s bank

reconciliation. Choose from the following answers:

(a.) Deducted from the balance per accounting records.

(b.) Added to balance per accounting records.

(c.) Deducted from balance per bank statement.

(d.) Added to balance per bank statement.

Items

________

1.

Bank service charges for printing new checks ordered by

Aladdin's, Inc.

________

2.

Deposits in transit at the end of the month.

________

3.

A deposit of $4,364.21 recorded in the accounting

records as $4,346.21.

________

4.

Collection of rent from one of Aladdin's tenants who makes

payment directly to the bank.

________

5.

Interest earned on the average balance during the month.

________

6.

Checks outstanding at the end of the month.

________

7.

Customer checks deposited in the bank but returned as NSF.

________

8.

Check No. 153, which was written in the amount of $475 but

recorded by the bank as $745.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!