Question
Practice Set Part 4 I just need help on inputing my answers into the questions. Im not sure where the answers go. Instructions: My Answers:
Practice Set Part 4
I just need help on inputing my answers into the questions. Im not sure where the answers go.
Instructions:
My Answers:
Questions that need to be answered:
1. What is the balance that you started with on the bank side for the reconciliation?
2. What is the TOTAL dollar amount of deposits in transit?
3. What is the TOTAL dollar amount of all of the outstanding checks?
4. What is the dollar amount of bank error?
5. Did you add or subtract the bank error? Write "Add" or "Subtract" for your answer.
6. What is the dollar amount of reconciled balance per bank?
7. What is the dollar amount that you started with on the book side?
8. What is the TOTAL dollar amount for book charges?
9. What is the dollar amount of reconciled balance per books?
10. Journalize entrie for the Bank Service Fee.
Part Four Requirements 1. Correct errors: Correct any errors that you made on the journal entries and T-Accounts in Part I, Il and Ill. Both the debits and the credits should equal each otherStep 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