Bank Reconciliation Video Lessons

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Problem: When preparing a bank reconciliation for ABC Company, all but which of the following would be considered deductions on the book side? a. A customer’s bounced check b. A fee charged for checks ordered by ABC Company c. Outstanding checks d. A check error for Check #101, where the company wrote the check for $250 but recorded the check in the general ledger for $25.

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Problem Details

When preparing a bank reconciliation for ABC Company, all but which of the following would be considered deductions on the book side?

a. A customer’s bounced check

b. A fee charged for checks ordered by ABC Company

c. Outstanding checks

d. A check error for Check #101, where the company wrote the check for $250 but recorded the check in the general ledger for $25.

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