When Preparing a Bank Reconciliation, Several Terms Are Used, Which

Essay

When preparing a bank reconciliation, several terms are used, which are listed below. Following the list is a series of definitions.
a. bank collections
b. bank reconciliation
c. bank statement
d. check
e. deposits in transit
f. electronic fund transfer
g. nonsufficient funds check
h. outstanding checks
_____ 1. Document showing the beginning and ending balances of a particular bank account listing the month's transactions that affected the account.
_____ 2. A check issued by the company and recorded on its books but not yet paid by the bank.
_____ 3. System that transfers cash by electronic communication rather than by paper documents.
_____ 4. Document instructing a bank to pay the designated person or business the specified amount of money.
_____ 5. Collection of money by the bank on behalf of a depositor.
_____ 6. A deposit recorded by the company but not yet by its bank.
_____ 7. A document explaining the reasons for the difference between a depositor's records and the bank's records about the depositor's cash.
_____ 8. A check for which the payer's bank account has insufficient money to pay the check.
REQUIRED: Match each term with its appropriate definition.