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Exercise 6 - 1 1 ( Static ) Bank reconciliation and journal entries LO P 3 A table for a monthly bank reconciliation dated September
Exercise Static Bank reconciliation and journal entries LO P
A table for a monthly bank reconciliation dated September is given below. For each item through 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. Note: Select the answers in the appropriate cells. Leave no cells blank. Be certain to select NA in fields which are not applicable.
table NSF check from a customer is shown the hout,Bank Balance,Book Balance,tableDebit orCredit to CashAccounttableShown or NotShown onReconciliation NSF check from a customer is shown on the bank statement but not yet recorded by the company,,,, Interest earned on the September cash balance in the bank is not yet recorded by the company.,,,, Deposit made on September and processed by the bank on September Checks written by another depositor but mistakenly charged against this company's account,,,, Bank service charge for September is not yet recorded by the company.,,,,table Checks outstanding on August that cleared the bank in September. Check writtentable Check written against the company's account and cleared by the bank, erroneously not recorded bythe company's recordkeeper. A note receivable is collected by the bank for the company, but it is not yet recorded by the company,,,, Checks written and mailed to payees on October Checks written by the company and mailed to payees on September Night deposit made on September after the bank closed.,,,, Bank fees for check printing are not yet recorded by the company,,,,
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