Accounting Question:

yx Exercise 8-8 (book/static) Question Help The following items could appear on a bank reconciliation. a. Outstanding cheques 2. Indicate (a) the items that will result in an adjustment to the company's b. Deposits in transit for the current month records and (b) why the other items do not require an adjustment. c. NSF cheque (a) Items c, d, e, f, g, and j will require adjusting journal entries to the d. Bank collection of a note receivable on the company's behalf company's records. e. Bank credit memo for interest earned on bank balance f. Bank debit memo for service charge (b) Since the other items are corrections to the book balance, it is assumed g. Book error: We credited Cash for $200. The correct amount was $2,000. that the corrections to the will occur as these missed items are h. Bank error: The bank decreased our account for a cheque written by processed in the normal course of business and the errors will be corrected by another customer. the i. Outstanding cheques from the previous month that are still outstanding Click to select your answer(s) and then click Check Answer. ? All parts showing Clear All Check