A table for a monthly bank reconcilation dated September 30 is given below. For each item...

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A table for a monthly bank reconcilation dated September 30 is given below. For each item 1 through 12, Indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Debit or Credit to Cash Account Shown or Not Shown on Reconciliation Bank Balance Book Balance Item 1. Bank service charge for September is not yet recorded by the company. 2. Bank fees for check printing are not yet recorded by the company S. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT 4. Night deposit made on September 30 after the bank closed. 5. Deposits in transit as of September 30 were not recorded by the bank until October 3. 6. Check written against the company's account and cleared by the bank erroneously not recorded by the company's recordkeeper. 7. The company made a month-end accrual for expired insurance coverage. 8. Outstanding checks to supplers existed at the end of September. 9. Bank service charge. 10. The company hired a new treasurer. 11. The bank collected a note receivable on September 29. The company has not yet recorded the receipt of the cash 12. The company made a month-end accrual for wages eamed but not yet paid. A table for a monthly bank reconcilation dated September 30 is given below. For each item 1 through 12, Indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Debit or Credit to Cash Account Shown or Not Shown on Reconciliation Bank Balance Book Balance Item 1. Bank service charge for September is not yet recorded by the company. 2. Bank fees for check printing are not yet recorded by the company S. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT 4. Night deposit made on September 30 after the bank closed. 5. Deposits in transit as of September 30 were not recorded by the bank until October 3. 6. Check written against the company's account and cleared by the bank erroneously not recorded by the company's recordkeeper. 7. The company made a month-end accrual for expired insurance coverage. 8. Outstanding checks to supplers existed at the end of September. 9. Bank service charge. 10. The company hired a new treasurer. 11. The bank collected a note receivable on September 29. The company has not yet recorded the receipt of the cash 12. The company made a month-end accrual for wages eamed but not yet paid.

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SNo Particulars Bank Balance Book Balance Shown or Not shown on Reconcilliation ... View the full answer