Indicate whether each transaction would require an adjustment to the bank balance or the book balance when reconciling cash. Bank service charge on the bank statement Choose. Minimum balance bank fee charged on the bank Choose. statement NSF check received from a customer as revealed on the Choose. bank statement Collecton on a note from a customer as indicated on the Choose. bank statement Outstanding checks Choose. Interest earned on the cash balance per the bank Choose. statement

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
icon
Related questions
Question

only options are the Book balance need adjusting or the Bank balance needs adjusting

Indicate whether each transaction would require an adjustment to
the bank balance or the book balance when reconciling cash.
Bank service charge on the bank statement
Choose.
Minimum balance bank fee charged on the bank
Choose.
statement
NSF check received from a customer as revealed on the
Choose.
bank statement
Collecton on a note from a customer as indicated on the
Choose.
bank statement
Outstanding checks
Choose.
Interest earned on the cash balance per the bank
Choose.
statement
Transcribed Image Text:Indicate whether each transaction would require an adjustment to the bank balance or the book balance when reconciling cash. Bank service charge on the bank statement Choose. Minimum balance bank fee charged on the bank Choose. statement NSF check received from a customer as revealed on the Choose. bank statement Collecton on a note from a customer as indicated on the Choose. bank statement Outstanding checks Choose. Interest earned on the cash balance per the bank Choose. statement
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Changes and Error Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning