The following reconciling items are applicable to the bank reconciliation for Forde Co.Indicate how each item should be shown on a bank reconciliation.(a)Outstanding checks. Select how the item should be shown on a bank reconciliation Added to cash balance per booksDeducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bank(b)Bank debit memorandum for service charge. Select how the item should be shown on a bank reconciliation Added to cash balance per bankDeducted from cash balance per booksDeducted from cash balance per bankAdded to cash balance per books(c)Bank credit memorandum for collecting from customer an electronic funds transfer. Select how the item should be shown on a bank reconciliation Deducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bankAdded to cash balance per books(d)Deposit in transit.

Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Answered: The following reconciling items are…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 31CYBK

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The following reconciling items are applicable to the bank reconciliation for Forde Co.

Indicate how each item should be shown on a bank reconciliation.

(a)	Outstanding checks.	Select how the item should be shown on a bank reconciliation Added to cash balance per booksDeducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bank
(b)	Bank debit memorandum for service charge.	Select how the item should be shown on a bank reconciliation Added to cash balance per bankDeducted from cash balance per booksDeducted from cash balance per bankAdded to cash balance per books
(c)	Bank credit memorandum for collecting from customer an electronic funds transfer.	Select how the item should be shown on a bank reconciliation Deducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bankAdded to cash balance per books
(d)	Deposit in transit.

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