Homework Answers
Solution:
As check was recorded at a higher amount in books that result into book balance in lower than balance shown on bank statement, therefore to arrive at accurate balance on a bank reconciliation statement "Add $90 to the book balance"
Hence first option is correct.
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MC Qu. 9-46 A check for $2,560 to pay a vendor... A check for $2,560 to...
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* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
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Required information [The following information applies to the questions displayed below.) The following information is available...
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* M Reader MC Qu. 9-50 To arrive at an accurate balance on a bank... To arrive at an accurate balance on a bank reconciliation statement, an error made by the bank in which the bank deducted a check issued by another business pany's bank account should Multiple Choice Ο added to the book balance Ο added to the bank statement balance Ο deducted from the bank man b e Ο deducted from the book balance < Prey 7 0...
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Which one is it and why please?
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a. The checkbook and the general journal indicated that Check 2206 dated April 17 was issued for $695 to make a cash purchase of supplies. However, examination of the canceled check and the listing on the bank statement showed that the actual amount of the check was $14. b. The checkbook and the general journal indicated that Check 2247 dated April 20 was issued for $130 to pay a utility bill. However, examination of the canceled check and the listing...
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