Solved

[The Following Information Applies to the Questions Displayed Below -Which of the Item(s)would Be Added to the Unadjusted Bank

Question 75

Multiple Choice

[The following information applies to the questions displayed below.]
A review of the bank statement and accounting records of Blake Company revealed the following items:
 Item No.  Description  1)   Three outstanding checks  2)   A debit memo showing a bank service charge  3)   A deposit in transit  4)   An NSF check written by one of Blake’s customers  5)   A certified check written by Blake that remains outstanding  6)   A credit memo reflecting interest revenue earned by Blake \begin{array}{|c|l|}\hline \text { Item No. } & \text { Description } \\\hline \text { 1) } & \text { Three outstanding checks } \\\hline \text { 2) } & \text { A debit memo showing a bank service charge } \\\hline \text { 3) } & \text { A deposit in transit } \\\hline \text { 4) } & \text { An NSF check written by one of Blake's customers } \\\hline \text { 5) } & \text { A certified check written by Blake that remains outstanding } \\\hline \text { 6) } & \text { A credit memo reflecting interest revenue earned by Blake } \\\hline\end{array}
-Which of the item(s) would be added to the unadjusted bank balance to determine the true cash balance?


A) Item numbers 2 and 3
B) Item number 2
C) Item numbers 3, 4, and 6
D) Item number 3

Correct Answer:

verifed

Verified

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

Related Questions