Question: [ LO 4 ] A $ 7 0 0 deposit made into the business' bank account is deduction from the book balance listed on the

[LO 4] A $700 deposit made into the business' bank account is
deduction from the book balance
listed on the bank statement as $70. On a bank reconciliation,
this will appear as a(n)
addition to the bank balance
deduction from the bank balance
[LO 4] A $700 deposit made into the business' bank account

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!

Q:

Apply the classification algorithm to the following set of data records. The class attribute is Repeat Customer. RID Age City Gender Education Repeat Customer 101 20..30 NY F 102 20.30 SF 103 31.40...

Q:

A $ 7 0 0 deposit made into the business' bank account is listed on the bank statement as $ 7 0 . On a bank reconciliation, this will appear as a ( n ) _ _ _ _ _ _ _ _ . addition to the book balance...

Q:

Hi need help with this assignment. Please see attached / ACCOUNTING 211 COMPREHENSIVE PROBLEM 1 : BUILDER BOB ASSIGNMENT 06/28/2015 Service Industry: This problem has a value of 10% of the final...

Q:

Hi need help with this assignment. Please see attached / ACCOUNTING 211 COMPREHENSIVE PROBLEM 1 : BUILDER BOB ASSIGNMENT 06/28/2015 Service Industry: This problem has a value of 10% of the final...

Q:

Bella Groove and Frankie Jay commenced a new business on 1 January 2020. The business will operate a hip-hop dance studio, called Groovy Dancing . Bella and Frankie will operate the business as a...

Q:

I am having a really hard time trying to understand this worksheet and comprehensive problems. Any help? Thanks!! ACCOUNTING 211 COMPREHENSIVE PROBLEM 1 : BUILDER BOB ASSIGNMENT 06/28/2015 Service...

Q:

Preparation of accounting records - using spreadsheets Harrison Smith commenced a new personal assistant business for people in a nearby retirement village. He will provide shopping and errand...

Q:

Prepare the property, plant and equipment note for the year ended 31 December 2020. You may exclude the total column. QUESTION 1 [25] The following information was provided by Happy Jele for his...

Q:

Please help me to fill out in those boxes using the excel file and save as PDF and send me back please. You just have to read the first paper the see each picture that i took and help me to fill out....

Q:

Pete Clark started a painting business in May. Prepare journal entries to record the transactions during the month of May detailed below. (Credit account titles are automatically indented when the...

Q:

1 Jonagold Limited is a Devonshire company that manufactures apple-based beverages. The trial balance for its latest financial year ended 31 December 2020 is given below: Trial balance at 31 December...

Q:

Jennifer Jones has decided to open a small business that will be supervised by a hired manager. With her current cash resources, she will be able to acquire the necessary assets for the business and...

Q:

How many positive integers n can we form using the digits 3, 4, 4, 5, 5, 6, 7 if we want n to exceed 5,000,000?

Q:

What collateral would a Commercial Bank, most likely consider for a Small Business Ioan? Multiple Choice Gold Residential Propenty Land More Than One Ansmete is Correct Commercial Property

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...