Question: Use the following code letters to indicate where the items described in questions 6 - 9 would appear on the March bank reconciliation for the
Use the following code letters to indicate where the items described in questions 6 - 9 would appear on the March bank reconciliation for the Labb Company. A. Add to the bank statement balance B. Deduct from the bank statement balance C. Add to the book balance D. Deduct from the book balance E. Does not appear on the bank reconciliation 6. ____ Refer to Table 4-1. An NSF check from a customer for $500 appears on the March bank statement. 7. ____ Refer to Table 4-1. The March bank statement reports $25 of interest earned. 8. ____ Refer to Table 4-1. Deposits in transit total $5,640. 9. ____ Refer to Table 4-1. Outstanding checks amount to $3,075 as of the end of March
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