1. For each of the following items, indicate whether its amount (i) affects the bank or book...

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1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation:

a. Outstanding checks

b. Debit memos

c. NSF checks

d. Unrecorded deposits

e. Interest on cash balance

f. Credit memos

2. Which of the items in part 1 require an adjusting journal entry? g. Bank service charges

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Fundamental Accounting Principles

ISBN: 9780072946604

17th Edition

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

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Question Posted: May 31, 2024 03:04 AM

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1. For each of the following items, indicate whether its amount (i) affects the bank or book...

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Fundamental Accounting Principles

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