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What possible findings can you give if given the chance to investigate the effects of the outstanding checks to cash balances of book and bank as of August 31, 2021? Choices: Bank: no effect; Book: overstated Book: understated; Bank: overstated Book: overstated; Bank: understated Bank: overstated; Book: no effect

What possible findings can you give if given the chance to investigate the effects of the outstanding checks to cash balances of book and bank as of August 31, 2021? Choices: Bank: no effect; Book: overstated Book: understated; Bank: overstated Book: overstated; Bank: understated Bank: overstated; Book: no effect

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
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What possible findings can you give if given the chance to investigate the effects of the outstanding checks to cash balances of book and bank as of August 31, 2021? Choices: Bank: no effect; Book: overstated Book: understated; Bank: overstated Book: overstated; Bank: understated Bank: overstated; Book: no effect
FOR NUMBERS 11-13. The cash disbursement journal of ABM Corporation reflected the following collections for the month of August 2021: Check Date 08/08/2021 08/09/2021 08/19/2021 08/24/2021 08/29/2021 Check No. Раyee Mr. A Amount 24,000 12,000 14,000 37,000 18,000 121421 121422 121423 Ms. B Mr. C 121424 121425 Ms. D Mr. E The bank statement for October 2019 revealed following checks presented to the bank for payment: Date 08/09/2021 08/10/2021 08/28/2021 Amount 24,000 12,000 37,000
Transcribed Image Text:FOR NUMBERS 11-13. The cash disbursement journal of ABM Corporation reflected the following collections for the month of August 2021: Check Date 08/08/2021 08/09/2021 08/19/2021 08/24/2021 08/29/2021 Check No. Раyee Mr. A Amount 24,000 12,000 14,000 37,000 18,000 121421 121422 121423 Ms. B Mr. C 121424 121425 Ms. D Mr. E The bank statement for October 2019 revealed following checks presented to the bank for payment: Date 08/09/2021 08/10/2021 08/28/2021 Amount 24,000 12,000 37,000
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