Solved

Identify Whether Each of the Following Items 1 Through 10

Question 20

Short Answer

Identify whether each of the following items 1 through 10 would on appear on the bank side or the book side of a bank reconciliation.
_____ 1. Bank service charges
_____ 2. Outstanding checks
_____ 3. Deposits in transit
_____ 4. NSF check
_____ 5. Interest on a checking account
_____ 6. The company properly wrote a check for $95.80 that the bank incorrectly paid as $9.58.
7. The bank printed checks for the depositor for a fee.
_____ 8. Bank debit memorandum
_____ 9. Bank credit memorandum
_____ 10. The bank collected a $1,000 note for the depositor.

Correct Answer:

verifed

Verified

1. Book; 2. Bank; 3....

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions