If a check correctly written and paid by the bank for $292 is incorrectly recorded in...
If a check correctly written and paid by the bank for $292 is incorrectly recorded in the company's books for $245, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $47 from the book balance. Subtract $47 from the bank's balance. Subtract $47 from the bank's balance and add $47 to the book's balance. Add $47 to the book balance. Add $47 to the bank's balance.
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If a check correctly written and paid by the bank for $292 is
incorrectly recorded in...
If a check correctly written and paid by the bank for $328 is incorrectly recorded in...
If a check correctly written and paid by the bank for $328 is incorrectly recorded in the company's books for $382, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $54 from the bank's balance and add $45 to the book's balance. Subtract $54 from the bank's balance. Add $54 to the bank's balance. Add $54 to the book balance. Subtract $54 from the book balance.
If a check correctly written and paid by the bank for $413 is incorrectly recorded in...
If a check correctly written and paid by the bank for $413 is incorrectly recorded in the company's books for $431, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $18 from the bank's balance. Add $18 to the book balance. Add $18 to the bank's balance. Subtract $18 from the bank's balance and add $45 to the book's balance. Subtract $18 from the book balance. During the month of July, Clanton Industries issued a check...
If a check correctly written and paid by the bank for $342 is incorrectly recorded in...
If a check correctly written and paid by the bank for $342 is incorrectly recorded in the company's books for $290, how should this error be treated on the bank reconciliation?
If a check correctly written and paid by the bank for $560 is incorrectly recorded on...
If a check correctly written and paid by the bank for $560 is incorrectly recorded on the company’s books as $506, the appropriate treatment on the bank reconciliation would be to deduct $54 from the book balance. deduct $560 from the book balance. add $54 to the book balance. deduct $54 from the bank balance. ***** the answer is not " add $54 to the book balance.''*****
2 A company wants to decrease its $200.00 petty cash fund to $75.00. The entry to...
2
A company wants to decrease its $200.00 petty cash fund to $75.00. The entry to reduce the fund is: Multiple Choice Debit Petty Cash for $75.00; debit Cash Over and Short $180.00; credit Cash $200.00 Debit Cash Over and Short for $8.75; credit Petty Cash $8.75 Debit Miscellaneous Expenses $20.00; credit Cash $20.00. Debit to Cash $125.00; credit Petty Cash $125.00. Debit Petty Cash $105.00; credit Cash $105.00. If a check correctly written and paid by the bank for...
I want a detailed explanation- No copy past, please. If a check correctly written and paid...
I want a detailed explanation- No copy past, please. If a check correctly written and paid by the bank for $342 is incorrectly recorded in the company's books for $290, how should this error be treated on the bank reconciliation?
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be a...
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be added to the ba a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges 9. A check returned by the bank marked "NSF" means a. no service fee. b. no signature found c. not satisfactorily filled out. d. not sufficient funds. 10. Deposits in transit a. have been recorded on the company's books...
e December 30th - January 2nd Class Activity (Chapter 7) Bank Reconcili Name: Student ID: 1....
e
December 30th - January 2nd Class Activity (Chapter 7) Bank Reconcili Name: Student ID: 1. What are the reconciling items in a bank reconciliation (b) 2. Reconciling Procedure: Cash Balance per Bank Cash Balance per Books Corrected Balance Corrected Balance 3. If a check correctly written and paid by the bank for $519 is incorrectly recorded on the company's books for $591, the appropriate treatment on the bank reconciliation would be to a. add $72 to the bank's balance....
Complete the following table for a monthly bank reconciliation dated January 31. For each item 1-10,...
Complete the following table for a monthly bank reconciliation dated January 31. For each item 1-10, place an "x" in the appropriate column to indicate whether the item should be added or subtracted from the book or bank balance or not shown on the bank reconciliation 1. Night deposit made on January 31 after the bank closed. 2. A check written in February of the same year as the bank statement 3. Principal and interest on a note collected by...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
If a check correctly written and paid by the bank for $413 is incorrectly recorded in the company's books for $431, how should this error be treated on the bank reconciliation? Multiple Choice Subtract $18 from the bank's balance. Add $18 to the book balance. Add $18 to the bank's balance. Subtract $18 from the bank's balance and add $45 to the book's balance. Subtract $18 from the book balance. During the month of July, Clanton Industries issued a check...
2
A company wants to decrease its $200.00 petty cash fund to $75.00. The entry to reduce the fund is: Multiple Choice Debit Petty Cash for $75.00; debit Cash Over and Short $180.00; credit Cash $200.00 Debit Cash Over and Short for $8.75; credit Petty Cash $8.75 Debit Miscellaneous Expenses $20.00; credit Cash $20.00. Debit to Cash $125.00; credit Petty Cash $125.00. Debit Petty Cash $105.00; credit Cash $105.00. If a check correctly written and paid by the bank for...
wme following would be added to the balance per bank on a bank reconciliation? 8. Which of the following would be added to the ba a. Outstanding checks b. Deposits in transit c. Notes collected by the bank d. Service charges 9. A check returned by the bank marked "NSF" means a. no service fee. b. no signature found c. not satisfactorily filled out. d. not sufficient funds. 10. Deposits in transit a. have been recorded on the company's books...
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December 30th - January 2nd Class Activity (Chapter 7) Bank Reconcili Name: Student ID: 1. What are the reconciling items in a bank reconciliation (b) 2. Reconciling Procedure: Cash Balance per Bank Cash Balance per Books Corrected Balance Corrected Balance 3. If a check correctly written and paid by the bank for $519 is incorrectly recorded on the company's books for $591, the appropriate treatment on the bank reconciliation would be to a. add $72 to the bank's balance....
Complete the following table for a monthly bank reconciliation dated January 31. For each item 1-10, place an "x" in the appropriate column to indicate whether the item should be added or subtracted from the book or bank balance or not shown on the bank reconciliation 1. Night deposit made on January 31 after the bank closed. 2. A check written in February of the same year as the bank statement 3. Principal and interest on a note collected by...
Bank Reconciliation Use the following information to prepare a bank reconciliation for Young Company at june 30 $9,172.54 Balance per Cash account, June 30. Balance per bank statement,June 30. Deposits not reflected on bank statement Outstanding checks, June 30. Service charge on bank statement not recorded in books Error by bank-Yertel Company check charged on oung Company's bank statement Check for advertising expense incorrectly recorded in books as 14.3 715 YOUNG COMPANY Bank Reconciliation June 30 0Balance from general ledger...
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