Chapter 8 Cash, Fraud, and Internal Controls bank or book 3-5 reconciliation uch of the following...

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Chapter 8 Cash, Fraud, and Internal Controls bank or book 3-5 reconciliation uch of the following items a through g. indicate

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Answer 1

Answer #1

	Bank or Book Side	Add or Subtract	Adj. Entry or Not
a. Interest on cash balance	Book	Add	Adjusting entry required
b. Bank service charge	Book	Subtract	Adjusting entry required
c. Minimum balance charge	Book	Subtract	Adjusting entry required
d. Outstanding checks	Bank	Subtract	Adjusting entry not required
e. Credit memo on collection of note.	Book	Add	Adjusting entry required
f. NSF checks	Book	Subtract	Adjusting entry required
g. Outstanding deposits	Bank	Add	Adjusting entry not required

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