Indicate whether the following items in a bank reconciliation should be (1) added to the Cash account balance, (2) deducted from the Cash account balance, (3) added to the bank statement balance, or (4) deducted from the bank statement balance. a. NSF check b. Deposit in transit c. Outstanding check d. Bank error charging the business’s account with another company’s check e. Bank service charge

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College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570
BuyFind

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
Publisher: South-Western College Pub
ISBN: 9781337280570

Solutions

Chapter
Section
Chapter 6, Problem 5DQ
Textbook Problem

Indicate whether the following items in a bank reconciliation should be (1) added to the Cash account balance, (2) deducted from the Cash account balance, (3) added to the bank statement balance, or (4) deducted from the bank statement balance.

  1. a. NSF check
  2. b. Deposit in transit
  3. c. Outstanding check
  4. d. Bank error charging the business’s account with another company’s check
  5. e. Bank service charge

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Chapter 6 Solutions

College Accounting (Book Only): A Career Approach
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