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A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Item 1. Deposits mailed to the bank on September 30 had not been recorded by the bank until October 2 2. Cheques outstanding on August 31 that cleared the bank in September 3. A note receivable is collected by the bank for the company, but it is not yet recorded by the company 4. NSF cheque from a customer is shown on the bank statement but not yet recorded by the company. 5. Deposit made on September 5 and processed by the bank on September 6. 6. Cheque written by another depositor but mistakenly charged against this company's account. 7. Cheques written and mailed to payees on October 2 8. Night deposit made on September 30 after the bank closed. 9. Bank fees for cheque printing are not yet recorded by the company. 10. Bank service charge. 11. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT. 12. Interest earned on the September cash balance in the bank is not yet recorded by the company. Bank Balance Debit or Book Balance Credit to Cash Account Shown or Not Shown on Reconciliation

A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Item 1. Deposits mailed to the bank on September 30 had not been recorded by the bank until October 2 2. Cheques outstanding on August 31 that cleared the bank in September 3. A note receivable is collected by the bank for the company, but it is not yet recorded by the company 4. NSF cheque from a customer is shown on the bank statement but not yet recorded by the company. 5. Deposit made on September 5 and processed by the bank on September 6. 6. Cheque written by another depositor but mistakenly charged against this company's account. 7. Cheques written and mailed to payees on October 2 8. Night deposit made on September 30 after the bank closed. 9. Bank fees for cheque printing are not yet recorded by the company. 10. Bank service charge. 11. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT. 12. Interest earned on the September cash balance in the bank is not yet recorded by the company. Bank Balance Debit or Book Balance Credit to Cash Account Shown or Not Shown on Reconciliation

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.3E
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A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Item 1. Deposits mailed to the bank on September 30 had not been recorded by the bank until October 2 2. Cheques outstanding on August 31 that cleared the bank in September. 3. A note receivable is collected by the bank for the company, but it is not yet recorded by the company. 4. NSF cheque from a customer is shown on the bank statement but not yet recorded by the company. 5. Deposit made on September 5 and processed by the bank on September 6. 6. Cheque written by another depositor but mistakenly charged against this company's account. 7. Cheques written and mailed to payees on October 2 8. Night deposit made on September 30 after the bank closed. 9. Bank fees for cheque printing are not yet recorded by the company. 10. Bank service charge. 11. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT. 12. Interest earned on the September cash balance in the bank is not yet recorded by the company. Bank Balance Debit or Book Balance Credit to Cash Account Shown or Not Shown on Reconciliation
Transcribed Image Text:A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) Item 1. Deposits mailed to the bank on September 30 had not been recorded by the bank until October 2 2. Cheques outstanding on August 31 that cleared the bank in September. 3. A note receivable is collected by the bank for the company, but it is not yet recorded by the company. 4. NSF cheque from a customer is shown on the bank statement but not yet recorded by the company. 5. Deposit made on September 5 and processed by the bank on September 6. 6. Cheque written by another depositor but mistakenly charged against this company's account. 7. Cheques written and mailed to payees on October 2 8. Night deposit made on September 30 after the bank closed. 9. Bank fees for cheque printing are not yet recorded by the company. 10. Bank service charge. 11. The bank received an electronic funds transfer (EFT) and deposited the amount in the company's account on September 30. The company has not yet recorded this EFT. 12. Interest earned on the September cash balance in the bank is not yet recorded by the company. Bank Balance Debit or Book Balance Credit to Cash Account Shown or Not Shown on Reconciliation
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