Question
Following is the general format of a four-column bank reconciliation with the various categories and presentation of reconciling items numbered (1) through (8): 1. Indicate
Following is the general format of a four-column bank reconciliation with the various categories and presentation of reconciling items numbered (1) through (8): 1. Indicate the proper presentation of a 10/31 outstanding check.
Select one: a. 1 and 5 b. 2 and 3 c. 2 and 6 d. 6 and 7 e. 1 and 6
2. A check written in November for $960 was written in the check register in error in the amount of $690. This check cleared the bank in November for $960. Indicate the proper presentation for this reconciling item.
Select one:
a. 6 and 7
b. 4 and 5
c. 5 and 8
d. 6 and 8
e. 1 and 6
3. A collection by the bank was a reconciling item as of October 31. Indicate the proper presentation for this reconciling item.
Select one:
a. 1 and 4
b. 6 and 7
c. 2 and 6
d. 1 and 3
e. 2 and 3
4. The bank recorded an NSF check on 10/31. The books recorded the check as NSF on 11/2 by recording a negative receipt. Indicate the proper presentation for this reconciling item.
Select one:
a. 2 and 4
b. 2 and 6
c. 1 and 5
d. 2 and 3
e. 1 and 4
Balance 10/31 Per Bank Statement TSXXXX Items to be added Items to be deducted Per Books November 4) November Disbursements Balance 11/30Step by Step Solution
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