Assign the letter to indicate whether the following items would be added or subtracted from the company's books or the bank statement during the construction of a bank reconciliation.
1. Outstanding checks
2. Bank service charge
3. Deposit in transit
4. NSF check
5. EFT deposit from a customer
6. Charges for some other company's safe deposit box were posted to your account
7. A $1,000 note from one of your customers was collected by the bank
8. Interest revenue earned by the note above
a. Added to the bank statement balance
b. Subtracted from the bank statement balance
c. Added to the company's books
d. Subtracted from the company's books
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Assign the letter to indicate whether the following items would be added or subtracted from the company's books or the bank statement ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Guitar Shoppe reports the following sales forecast: August, $150,000; September, $170,000. Total sales includes 40% cash sales, 55% credit sales collected in the month following sale, and 5% credit sales written off as uncollectible.
Answers (1)
In regression analysis, the variable we are trying to explain or predict is called the a. dependent variable b. independent variable c. regression variable d. residual variable
Answers (1)
Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The supply schedule below shows the quantity of peaches supplied in each state at each price.
Answers (1)
What are the main parts of a cover letter and their purposes?
Answers (1)
Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross Income from $97,000 to $57,000 and re-submitting the FAFSA. Why is this a bad idea?
Answers (2)
New Questions in Business
Which statement is descriptive of the long run rather than the short run? The firm must pay an electric bill that varies each month as well as a mortgage payment of $10,000 per month.
Answers (1)
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)