Answered step by step
Verified Expert Solution
Question
1 Approved Answer
its an emergency, please 2 A table for a monthly bank reconciliation dated September 30 is given below. For each nemoh 12 ide whether the
its an emergency, please
2 A table for a monthly bank reconciliation dated September 30 is given below. For each nemoh 12 ide whether the should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation (Select the answers in the appropriate cells. Leave ne cells blank Becertain to select ' Nintends which are not applicable.) Be Balance to Cust Add NA DIA NA NA Add DX Item 16.45 1. A note receivable is collected by the bank for the company, but it is not yet recorded by the company. A 2. Check outstanding on August 31 that cleared the bank in September NA 3. The company hired a new treasurer 4. Check written against the company's account and cleared by the bank erroneously not recorded by the company's rocordkooper 5. The company had outstanding checks to employees on September 30 Subtract 6. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT NA 7. Bank service charge for September is not yet recorded by the company. NA 8. Night deposit made on September 30 after the bank closed Add 9. Deposits in transit as of September 30 were not recorded by the bank until October 3 10. Interest was earned by the company on the cash balance it had with the bank. The company has not yet recorded this interest. 11. Outstanding checks to suppliers existed at the end of September 12. The bank collected a note receivable on September 29. The company has not yet recorded the receipt of the cash Subtract CA NA INA Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started