Question
EX 8-17 Entries Based on Bank Reconciliation Which of the reconciling items listed in Exercise 8-16 require an entry in the companys accounts? -Bank service
EX 8-17 Entries Based on Bank Reconciliation Which of the reconciling items listed in Exercise 8-16 require an entry in the companys accounts?
-Bank service charges $90.
-check of a customer returned by bank to company because of insufficient funds, $520
-Check for $420 incorrectly recorded by the company as $240.
-Check for $1,440 incorrectly charged by bank as $140.
-Deposit in transit, $5,310.
-Outstanding checks, $10,370.
-Note collected by bank, $12,600.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
