A table for a monthly bank reconciliation dated September 30 is given below. For each item through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable) Bank Balance Book Balance NA NA IN INA NA 4 1. Check outstanding on August 31 that cleared the bank in September NA 2 Deposits in transit as of September 30 were not recorded by the bank until October 3 Add 3 The company received a bank foo for an NSF check from a customer. The company did not know of the foe until they received the bank statement Interest was carried by the company on the cash balance it had with the bank. The company has not yet recorded this interest The bank collected a note receivable on September 20. The company has not yet recorded the receipt of the cash 6. The company made a month-end accrual for expired insurance coverage A customer sent an NSF check in payment of their account. The company did not know it was NSF until 7 they received the bank statement B Bank foos for check printing are not yet recorded by the company NA Subtract CH Sh Bank Balance Book Balance NA NA INC INA INA 3 1. Checks outstanding on August 31 that cleared the bank in September NA 2. Deposits in transit as of September 30 were not recorded by the bank until October 3. Add The company received a bank foo for an NSF check from a customer. The company did not know of the foe until they received the bank statement. Interest was earned by the company on the cash balance it had with the bank. The company has not yet recorded this interest The bank collected a noto receivable on September 29. The company has not yet recorded the receipt 4 of the cash 7 NA Subtract CH SH 6. The company made a month-end accrual for expired insurance coverago. A customer sent an NSF check in payment of their account. The company did not know it was NSF until they received the bank statement 8. Bank fees for check printing are not yet recorded by the company. 9. Checks written and mailed to payees on October 2. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT 11. Outstanding checks to suppliers existed at the end of September 12. The company hired a new treasurer. NA INA INA INA NE 10 NA NA Nc Bank Balance Book Balance Shown on Reconciliation NA NA NA Not Shown NA INA Shown on August 31 that cleared the bank in September s of September 30 were not recorded by the bank until October 3. Add ved a bank foe for an NSF check from a customer. The company did not know of seived the bank statement. by the company on the cash balance it had with the bank. The company has not a note receivable on September 29. The company has not yet recorded the receipt orest CE Shown a month-end accrual for expired insurance coverage. NSF check in payment of their account. The company did not know it was NSF until ank statement printing are not yet recorded by the company, NA INA mailed to payees on October 2 an electronic funds transfer (EFT) and deposited the amount in the company's ber 30. The company has not yet recorded this EFT, to suppliers existed at the end of September NA a new treasurer Subtract INA NA Not Shown NA NA Not shown
