Question: Question 13 (6 points) From the transactions listed below, indicate the three (3) transactions that would be deducted from the ledger balance and the three

Question 13 (6 points) From the transactions listed below, indicate the

Question 13 (6 points) From the transactions listed below, indicate the three (3) transactions that would be deducted from the ledger balance and the three (3) transactions that would be added to the ledger balance when preparing a bank reconciliation. Direct deposit from customer Collected notes receivable Loan interest charges Interest earned 1. Add 2. Deduct Outstanding deposits 3. Neither Repayment of bank loan NSF cheques Outstanding cheques

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!

On April 1, 2022, Sarkar Sailboats sold 15,000 of its 11%, 15-year, R$1,000 face value bonds to yield 12%. Interest payment dates are April 1 and October 1. On April 2, 2023, Sarkar took advantage of...

I need E4-7 and E4-11 Completed and I need P5-4B completed...... Please give briefing on how you got answers c04BExercises.qxd 12/7/12 9:53 AM Page 1 B EXERCISES 2 E4-1B (Computation of Net Income)...

A partially completed worksheet for At Home Pet Grooming Service, a firm that grooms pets at the owner's home, follows 2 Required: 1. Complete the worksheet 2. Record the adjusting entries in the...

I need the following exercises and problem completed exercises E5-1B, E5-6B problem P5-5B c05BExercises.qxd 11/20/12 11:36 AM Page 1 B EXERCISES 2 3 E5-1B (Balance Sheet Classifications) Presented...

Drabble, Inc. owns 40 percent of the outstanding stock of Gilliam Company. During 2014, Drabble received a $4,000 cash dividend from Gilliam. What effect did this have on Drabble's 2014 financial...

record transactions in accounting format transactions should be posted in the format Assets= equity+liabilties Required: Question 1.1: Record transactions (1-16) in the accounting format seovibed...

Can I get some help with this? the cost of land includes its purchase price and other related costs, including the cost of removing an old unusable building that is on the land. Question 1 options:...

Morales Company recorded the following selected transactions during November 2013. 1.Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also...

the ledger of Quintana Company contains the following balances: Retained Earnings $40,000, Dividends $3,000, Service Revenue $65,000, Salaries and Wages Expense $39,000, and Maintenance and Repairs...

Imagine that the BBS is going to organize a conference on December 2022. To organize the conference successfully there is a need to apply project management concept. As a project manager you are...

Indicate whether each of the following management activities in a department store is part of planning (PL), performing (PE), evaluating (E), or communicating (C): 1. Completing a balance sheet and...

which of the following statements are true if the nvp of a project is - 4 0 0 0 and the required rate of return is 5 % a . The project s IRR is less than 5 % . b . The required rate of return is...

Filter Corp. has a project available with the following cash flows: Year No Cash Flow -$16,300 5,700 7,000 6,400 4,800 What is the project's IRR? Multiple Choice hing 19.75%

concern by a person about the effects of actions or decisions on others within a wider collective;

sharing of material benefits within a social network of reciprocity;

the Accelerated Development Programme, which focuses on developing business leaders from people who are identified as being able to help Eskom achieve its business objectives; this is focused...