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Question 9 (1 point) Indicate the effect of each item isted below on the bank reconciliation Outstanding cheques Collection of interest eamed on the bank
Question 9 (1 point) Indicate the effect of each item isted below on the bank reconciliation Outstanding cheques Collection of interest eamed on the bank balance The company's accountant made an error. A deposit for $650 was recorded as $560 Chequeretumed NSF (non sufficient funds). 1. Increase in the general ledger ash account-journal entry required 2 Decrease in the general ledger cash account-journal entry required The bank made an error The bank accidently deposited $400 on the third day of the month The error was corrected the next day. 3. Increase in balance per bank statement. no journal entry required Outstanding deposits : 4. Decrease in balance per bank statement - no journal entry required The bank made an error Cheque#568 for $4800 was inadvertently processed as $8.400 The bank has been notified and will correct the error next month 5. No effect on the reconciliation.no journal entry required The company's accountant made an error. Cheque 570 was recorded as $980 when the proper amount was $890 Bank service charge $ 3 4
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