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Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021. 4 Deposits made on June
Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021. 4 Deposits made on June 30 that did not appear on the June bank statement. The bank charged you a $40 service charge. 1. Deduct from cash balance per books > Cheque #1722 for $320 was correctly written and paid by the bank but incorrectly entered in the general journal for $230. 2. Deduct from cash balance per bank 3. Add to cash balance per books 4. Add to cash balance per bank Company paid for supplies by writing a cheque for $91 and recording the appropriate journal entry. This cheque cleared the bank on June 17th for $91. 5. Does not affect the bank reconciliation The bank charged you a $40 service charge. 1. Deduct from cash balance per books > Cheque #1722 for $320 was correctly written and paid by the bank but incorrectly entered in the general journal for $230. 2. Deduct from cash balance per bank 3. Add to cash balance per books 4. Add to cash balance per bank Company paid for supplies by writing a cheque for $91 and recording the appropriate journal entry. This cheque cleared the bank on June 17th for $91. 5. Does not affect the bank reconciliation V Bank incorrectly charged the company $50 and will be refunding the charge in three weeks
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