Question
(Learning Objective 3: Design and use a bank reconciliation) The following items appear on a bank reconciliation: 1. Service charge 2. Book error: We debited
(Learning Objective 3: Design and use a bank reconciliation) The following items appear on a bank reconciliation:
1. Service charge
2. Book error: We debited Cash for $100. The correct debit was $1,000.
3. NSFcheck
4. Bank collection of a note receivable on our behalf
5. Deposits in transit
6. Bank error: The bank credited our account for a deposit made by another bank customer.
7. Outstanding checks
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
