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The following transaction items were noted by the corporate controller of Black Birch Industries Inc. as part of his December 31st month-end review of his
The following transaction items were noted by the corporate controller of Black Birch Industries Inc. as part of his December 31st month-end review of his company's records and his bank statement. Based on each transaction noted below, select the appropriate treatment on the bank reconciliation from the dropdown list provided. 1. Outstanding checks [Select] 2. Bank service charges [Select] 3. Deposit in transit [Select] 4. Customer's NSF check [Select] 5. Interest revenue earned on a note receivable collected by the bank [Select] 6. Check issued for $960 incorrectly recorded by the company as $690 [Select] 7. Debit Memo [Select] >>> 8. Credit Memo [Select]
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