Identify where each of the following transactions would be found on the bank reconciliation by selecting "Yes" in the correct column. Select "No" for the other three columns. Increase to Decrease to Increase to Decrease to Transaction Bank Side Bank Side Book Side Book Side Outstanding check Interest income NFS check Deposit in transit Bank charges

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
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Identify where each of the following transactions would be found on the bank reconciliation by selecting "Yes" in the correct column. Select "No" for the other three columns.

Identify where each of the following transactions would be found on the bank reconciliation by selecting "Yes" in the correct column. Select "No" for the other three columns.
Increase to
Decrease to
Increase to
Decrease to
Transaction
Bank Side
Bank Side
Book Side
Book Side
Outstanding
check
Interest
income
NFS check
Deposit in
transit
Bank
charges
Transcribed Image Text:Identify where each of the following transactions would be found on the bank reconciliation by selecting "Yes" in the correct column. Select "No" for the other three columns. Increase to Decrease to Increase to Decrease to Transaction Bank Side Bank Side Book Side Book Side Outstanding check Interest income NFS check Deposit in transit Bank charges
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