Question: Accounting 201 Bank Reconciliation Problems Ex. 141 Using the code letters below, indicate how each of the items listed would be handled in preparing a

Accounting 201 Bank Reconciliation Problems Ex. 141 Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item. Items: Code A Add to cash balance per books B Deduct from cash balance per books C Add to cash balance per bank D Deduct from cash balance per bank E Does not affect the bank reconciliation 1. Outstanding checks. 2. Bank service charge. 3. Check for $320 correctly written and paid by the bank but incorrectly entered in the book records for $230. 4. Deposit in trandt. 5. Bank returns deposited check marked NSF. 6. Bank collects notes receivable and interest for depositor. 7. Bank debit memorandum for check printing fees. 8. Bank debit memorandum for electronic funds transfer to creditor. 9. Bank charged a check against the company that should have been charged to another company. 10. A check for $236 was correctly paid by the bank but was incorrectly entered in the book records for $263.

Accounting 201 Bank Reconciliation Problems Ex. 141 Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item. Code A Add to cash balance per books B Deduct from cash balance per books C Add to cash balance per bank D Deduct from cash balance per bank E Does not affect the bank reconciliation Items: 1. Outstanding checks. 2. Bank service charge. 3. Check for $320 correctly written and paid by the bank but incorrectly entered in the book records for $230. 4. Deposit in transt. 5. Bank returns deposited check marked NSF. 6. Bank collects notes receivable and interest for depositor. 7. Bank debit memorandum for check printing fees. 8. Bank debit memorandum for electronic funds transfer to creditor. 9. Bank charged a check against the company that should have been charged to another company. 10. A check for $236 was correctly paid by the bank but was incorrectly entered in the book records for $263

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!

Bank rec and journal entry for Videosoft company- I can't figure out how to balance them! If you could provide journal entries for explanation that would be awesome. Accounting 201 Bank...

Using the code letters below, indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2019: Deposits made on June 30 that did not appear on the June...

Bank Reconciliation Using the code letters below, indicate how each of the too Items listed would be handled when Preparing a bank reconciliation Enter the appropriate code letter in the space to the...

I need help with the following questions on the attachment. Thank you Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter...

18. Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item....

Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the right of each item. Code...

6. (10 points) Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of...

Using the code letters below, indicate how each of the items listed would be handled when preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item (10...

1 Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item on...

Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item. Code...

The following table shows the cost information for a firm in a perfectly competitive industry. The market price is $48 and the firm chooses their optimal quantity. Calculate their profit. Q FC VC TC...

In the next reaction: 4 HCI (g) + O2 (g) 2 2Ch (g) + 2H,0 (g) Predict in which direction equilibrium moves when the following changes are made: a) Increase the concentration of HCI. b) Reduce the...

For one product that a firm produces, the manufacturing cycle efficiency is 2 0 percent. If the total production time is 1 2 hours, what is the total manufacturing time? Select one: O a . 1 5 . 0...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Imagine that you are listening to a friend tell a long story in a face-to-face setting. How might you regulate the interaction to show that youre listening or that youd like to interject a comment?...

When you attempt to deceive others (as when telling a friend you like her new boyfriend when you dont), are you aware of your nonverbal messages? Do you tend to alter your tone of voice or change...

How do you feel about making eye contact with others (fellow classmates or your professor) when speaking in the classroom? With strangers when you lock eyes in the grocery store or on an elevator?...