Question: This Question: 1 pt The following items could appear on a bank reconciliation a. Outstanding checks, $670 b. Deposits in transit, $1,500 NSF check from

This Question: 1 pt The following items could appear on a bank reconciliation a. Outstanding checks, $670 b. Deposits in transit, $1,500 NSF check from customer, no. 548, for $175 d. Bank collection of note receivable of $800, and interest of $80 e Interest earned on bank balance $20 1. Service charge $10 o. The business credited Cash tfor $200 The correct amount was $2,000 h. The bank incorrectly decreased the business's by $350 for a check written by another business d. Classify each item as (1) an addition to the book balance. (2) a subtraction tom the book balance-G) an addition to the bank balance, or (4) a subtraction from the bank balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
