Question: Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation for the month of May

Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation for the month of May for Pinar dairy Company. (8 points)

Code

A Add to cash balance per Banks

B Deduct from cash balance per Banks

C Add to cash balance per Book

D Deduct from cash balance per Book

E Does not affect the bank reconciliation

Deposits of May 30 and 31 not yet recorded by bank $9,000 and still in transit.

Answer 1 Choose... Bank charges $70 for printing checks.

Answer 2 Choose... The bank statement includes a credit memorandum of $80 as an interest earned on the saving account.

Answer 3 Choose... The bank collected a note receivable for the company for $10,000 plus $150 interest revenue.

Answer 4 Choose... A check of $700 from Gloria to Aljunaidi was incorrectly charged by the bank to Pinar company.

Answer 5 Choose... A Check of $519 was received and deposited in the companys bank account, but was incorrectly entered in the cash receipts journal as a receipt on account for $591.

Answer 6 Choose... A $1,000 check returned from a customer as NSF.

Answer 7 Choose... A total of $10,000check is still outstanding by the end of May.

Thank's

Abdul-Rahim Taysir

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