(L.OBJ. 6) Classifying bank reconciliation Items [5 min]
The following items could appear on a bank reconciliation:
a. Outstanding checks
b. Deposits in transit
c. NSF check
d. Bank collection of our note receivable
e. Interest earned on bank balance
f. Service charge
g. Book error: We credited Cash for $200. The correct amount was $2,000.
h. Bank error: The bank decreased our account for a check written by another customer.
Requirement
1. Classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.