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both questions pertain to the information in 11. Use the following to answer questions 11 and 12: A review of the bank statement and accounting
both questions pertain to the information in 11.
Use the following to answer questions 11 and 12: A review of the bank statement and accounting records of the Browning Company revealed the following items: Item Number 1 2 3 U AN Description A debit memo showing a bank service charge. Two outstanding checks. An NSF check written by one of Browning's customers. A credit memo reflecting interest income earned by Browning. A deposit in transit. 4 5 11. Which of the item(s) would be added to the unadjusted book balance to determine the true cash balance? Item number 5. Item numbers 1 and 3. Item numbers 1,2.4 and 5. Item number 4. Question 12 2 pts 12. Which of the item(s) would be subtracted from Browning's unadjusted bank balance to determine the true cash balance? Item numbers 1 and 3. Item numbers 2. 4 and 5. Item number 5. Item number 2 Step by Step Solution
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