a

Refer to the case below to answer the true/false questions. Wright Inc. has a balance of $10,000 in its bank statement as on 31* December 2018. Balance as per Cash Register on 31* December 2018 was $14,200. These are the other details: 1. Three cheques of $2,000, $1,500 and $2,500 were deposited in the bank on 30" December 2018 but were recorded in the bank statement in January 2019. 2. Cheque of $500 issued on 31* December 2018 was not presented for payment. 3. A dividend of $1,000 on stocks was credited in Bank Account, but not recorded in Cash Register. 4. A direct deposit of $400 was made in Bank Account by a customer, which was not recorded in Cash Register. 5. Bank charges of $100 were entered only in Bank Statement. The cheque of $500 that was not presented for payment, willbe added on * 1 point the bank statement Balance side of the reconciliation sheet. O True O False