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Bank Reconciliation Solutions Library

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10 solutions

Bank Reconciliation

Q. The proper treatment on the bank reconciliation of NSF checks returned with the statement is to a. add them to the book balance of cash. b. add t...

Solved • Aug 2, 2017

Bank Reconciliation

Q. The proper treatment on the bank reconciliation of outstanding checks is to a. add them to the book balance of cash. b. add them to the bank bala...

Solved • Aug 2, 2017

Bank Reconciliation

Q. After a bank reconciliation is performed, journal entries will be required for which of the following? a. Outstanding checks b. A bank error c. ...

Solved • Jul 26, 2017

Bank Reconciliation

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

Solved • Jul 26, 2017

Bank Reconciliation

Q. A bank statement a. lets a depositor know the financial position of the bank as of a certain date. b. is a credit reference letter written by the...

Solved • Jul 17, 2017

Bank Reconciliation

Q. A firm 's bank reconciliation statement shows a book balance of $31,640, an NSF check of $800, and a service charge of $40. The service charge is ...

Solved • Jul 11, 2017

Bank Reconciliation

Q. In preparing a bank reconciliation, a service charge shown on the bank statement should be: a. Added to the balance per the bank statement. b. De...

Solved • Jul 11, 2017

Bank Reconciliation

Q. When preparing a bank reconciliation, an NSF check will: a. Increase the balance per depositor's records. b. Decrease the balance per depositor's...

Solved • Jul 11, 2017

Bank Reconciliation

Q. After preparing a bank reconciliation, a journal entry would be required for which of the following? a. A deposit in transit. b. A check for $48 ...

Solved • Jul 11, 2017

Bank Reconciliation

Q. The bookkeeper prepared a check for $68 but accidentally recorded it as $86. When preparing the bank reconciliation, this should be corrected by: ...

Solved • Jul 11, 2017