24WN ACC-1125 M Question Ch 91014 Cox On January 2, 2007, Valentin be Maps Student Planning...

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24WN ACC-1125 M Question Ch 91014 Cox On January 2, 2007, Valentin be Maps Student Planning H erto mheducation.com/ext/map/index.html?_con-coniexternal browser-0&launchUrl=https%253A%252F%252Fims mheducation.com%252Fm Displaying image00 Account LO 1-4 3 Saved Help Save & Exit Sube Check my work At Livermore Delivery and Courier Service, the following items were found to cause a difference between the bank statement and the firm's records Indicate whether each item will affect the bank balance or the book balance when the bank reconciliation statement is prepared. Also indicate which items will require an accounting entry after the bank reconciliation is completed 1. A deposit in trans 2. A debit memorandum for a dishonored check. 3. A credit memorandum for a promissory note that the bank collected for Livermore 4. An error found in Livermore's records that involves the amount of a check. The arms checkbook and general joumal indicate $808 as the amount, but the canceled check itself and the listing on the bark statement show that $880 was the actual sum P 5. An outstanding check Mc Graw Hal 6. A bank service charge. 7. A check issued by another firm that was charged to Limore's account by mistake 2 3 4 96 5 W E R S X D C F V 24WN ACC-1125 M Question Ch 91014 Cox On January 2, 2007, Valentin be Maps Student Planning H erto mheducation.com/ext/map/index.html?_con-coniexternal browser-0&launchUrl=https%253A%252F%252Fims mheducation.com%252Fm Displaying image00 Account LO 1-4 3 Saved Help Save & Exit Sube Check my work At Livermore Delivery and Courier Service, the following items were found to cause a difference between the bank statement and the firm's records Indicate whether each item will affect the bank balance or the book balance when the bank reconciliation statement is prepared. Also indicate which items will require an accounting entry after the bank reconciliation is completed 1. A deposit in trans 2. A debit memorandum for a dishonored check. 3. A credit memorandum for a promissory note that the bank collected for Livermore 4. An error found in Livermore's records that involves the amount of a check. The arms checkbook and general joumal indicate $808 as the amount, but the canceled check itself and the listing on the bark statement show that $880 was the actual sum P 5. An outstanding check Mc Graw Hal 6. A bank service charge. 7. A check issued by another firm that was charged to Limore's account by mistake 2 3 4 96 5 W E R S X D C F V

Answer rating: 100% (QA)

Heres a breakdown of each item 1 A deposit This will affect the bank balance positively increase and ... View the full answer