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ACCT216 Week 3 Homework Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an

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ACCT216 Week 3 Homework Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balan 1. Deposits in transit Non-sufficient funds check Outstanding checks -Bank Service Charge Bank Error: the bank debited our account for a deposit made by another customer 2. During 2013, Jimmy Enterprises completed the following transactions: a. b. c. d. Sales revenue on account, $620,000 Collections on account, $365,000 Write-offs of uncollectibles, $15,000 Uncollectible account expense, 4% of sales revenue Start with an accounts receivable balance of $435,000 and post the above entries to the Accounts Receivable T-Account. 1

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