When making a Bank Reconciliation. I am giving these two pieces of information. A collection from a customer (T. Kelsey) recorded on the books on October 25, 2020 was recorded at $2,585.39. The actual amount collected from the customer was $2,855.39. Check number 10120 written and mailed on October 25, 2020 was actually written for $645.84. The company accountant miskeyed the amount into the books at $445.84. What would they look like on a Back rec? Which side would they be on (bank or book) and would they be an addition or subtraction?

Bank reconciliation is a statement which shows the difference between cash balance as per book and…

Answered: When making a Bank Reconciliation. I am…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.21E

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When making a Bank Reconciliation. I am giving these two pieces of information.

A collection from a customer (T. Kelsey) recorded on the books on October 25, 2020 was recorded at $2,585.39. The actual amount collected from the customer was $2,855.39.

Check number 10120 written and mailed on October 25, 2020 was actually written for $645.84. The company accountant miskeyed the amount into the books at $445.84.

What would they look like on a Back rec? Which side would they be on (bank or book) and would they be an addition or subtraction?

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