For each of the following items a through g, indicate whether its amount (1) Affects the bank

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For each of the following items a through g, indicate whether its amount
(1) Affects the bank or book side of a bank reconciliation,
(2) Represents an addition or a subtraction in a bank reconciliation,
(3) Requires an adjusting journal entry.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:58 AM

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For each of the following items a through g, indicate whether its amount (1) Affects the bank

Question:

Bank or Book Side Add or Subtract Adj. Entry or Not a. Interest on cash balance b. Bank service charges. c. Debit memos... d. Outstanding checks e. Credit memos. f. NSF checks. g. Outstanding deposits

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Bank or Book Side Add or Subtract Adjusting Entry or Not a 1 Book 2 Add 3 ...View the full answer

Fundamental Accounting Principles

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