Question: Question 1.37 2 points When preparing the bank reconciliation for Mac's Flower Shoppe, the following items were noted by the accountant on the bank statement

 Question 1.37 2 points When preparing the bank reconciliation for Mac's

Question 1.37 2 points When preparing the bank reconciliation for Mac's Flower Shoppe, the following items were noted by the accountant on the bank statement for June: Deposits not recorded by the bank -$1,430; Outstanding Checks $580; Bank Service Charges $76 and a NSF check returned by the bank -$200. What is the adjusted cash balance per the books if the accounting records shows a balance of $2,100 on June 30th? O S2,674 O $1,824 O $2,950 O $2,376 * Question 1.38 Which of the following reconciling items on the bank reconciliation does not require a journal entry? 2 points O Bank service charges O Outstanding checks O Interest received from the bank O NSF checks returned by the bank x Question 1.39 Outstanding checks on the bank reconciliation are a result of which of the following? 2 points O Recording errors by the company O Bank errors O NSF charges O Time lags

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!