Question
Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation for the month of May
Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation for the month of May for Pinar dairy Company. (8 points) Code A Add to cash balance per books B Deduct from cash balance per books C Add to cash balance per bank D Deduct from cash balance per bank E Does not affect the bank reconciliation A Check of $591 was received and deposited in the companys bank account, but was incorrectly entered in the cash receipts journal as a receipt on account for $519. Answer 1 Choose... Checks written in May but still outstanding $11,200. Answer 2 Choose... Bank service charge for May was $50. Answer 3 Choose... The bank collected a note receivable for the company for $4,000 plus $150 interest revenue. Answer 4 Choose... Deposits of May 30 and 31 not yet recorded by bank $7,200 and still in transit Answer 5 Choose... A check of $600 from Gloria to Aljunaidi was incorrectly charged by the bank to Pinar company. Answer 6 Choose... NSF check of customer returned by bank $700. Answer 7 Choose... The bank statement include a debit memorandum of $80 for printing the additional company checks. Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
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