Question

Provided Below are items related to Beaver Company during the month of April. The company discovered these items when examining its statement from Northern Bank. For each item, indicate whether it represents an addition or a subtraction in reconciling the company's cash balance.

SB 4.2 A Saved Help Save & Exit Submit Check my work 4 Required information Part 4 of 5 Pana ar 0.55 Knowledge Check 01 Provided below are items related to Beaver Company during the month of April. The company discovered these items when examining its statement from Northern Bank. For each item, indicate whether represents an addition or a subtraction in reconciling the company's cash balance. points eBook References Northern Bank credited Beaver's account for $15 of interest earned during April Northern Bank notifies Beaver of an NSF check in the amount of $420 Northern Bank charges service fees of $40 to Beaver Northern Bank collects $2,200 for a note owed to Beaver ($2,100 principal and $100 interest) Beaver's accountant made an error in recording check #354; the check was written for $670, but was recorded incorrectly as $760 Beaver paid $280 for utilities by EFT An employee of Beaver Company used a company debit card to purchase office supplies, $80 MC Graw Hill < Prev 4 5 of 9 Next >

Answer 1

1. Interest - Addition
2. NSF Check - Subtraction
3. Service Fees - Subtraction
4. Note Collection - Addition
5. Error in recording - Addition
6. Utilities EFT - Subtraction
7. Debit Card - Subtraction

If you have any query, kindly comment with your query and please mark thumbs up.