FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
15th Edition
ISBN: 9781265564483
Author: Wild
Publisher: MCG
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Textbook Question
Chapter 8, Problem 5QS
Bank reconciliation
P3
For each of the following items a through g, indicate whether its amount (1) affects the bank or book side of a bank reconciliation, (2) represents an addition or a subtraction in a bank reconciliation, and (3) requires an
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a.
Outstanding checks, $670.
b. Deposits in transit, $1,500.
C.
NSF check from customer, no. 548, for $175.
d. Bank collection of note receivable of $800, and interest of $80.
Interest earned on bank balance, $20.
e.
f.
g.
h.
Service charge, $10.
The business credited Cash for $200. The correct amount was $2,000.
The bank incorrectly decreased the business's by $350 for a check written
by another business.
X
Chapter 8 Solutions
FUNDAMENTAL ACCT PRIN TEXT+CONNECT CODE
Ch. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQ
Ch. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 1QSCh. 8 - Prob. 2QSCh. 8 - Prob. 3QSCh. 8 - Prob. 4QSCh. 8 - Bank reconciliation P3 For each of the following...Ch. 8 - Prob. 6QSCh. 8 - Prob. 7QSCh. 8 - Prob. 8QSCh. 8 - Prob. 9AQSCh. 8 - Purchase discounts An important part of cash...Ch. 8 - International accounting and internal controls C1...Ch. 8 - Prob. 1ECh. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Prob. 4ECh. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13AECh. 8 - Prob. 14BECh. 8 - Prob. 1APSACh. 8 - Prob. 2APSACh. 8 - Prob. 3APSACh. 8 - Prob. 4APSACh. 8 - Prob. 5APSACh. 8 - Prob. 1BPSBCh. 8 - Prob. 2BPSBCh. 8 - Prob. 3BPSBCh. 8 - Prob. 4BPSBCh. 8 - Prob. 5BPSBCh. 8 - Prob. 8SPCh. 8 - Prob. 1GLPCh. 8 - Prob. 1BTNCh. 8 - Prob. 2BTNCh. 8 - Prob. 3BTNCh. 8 - Prob. 4BBTNCh. 8 - Prob. 5BTNCh. 8 - Prob. 6BTNCh. 8 - Prob. 7BTNCh. 8 - Prob. 8BTNCh. 8 - Prob. 9BTN
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- Which of the following items are found on a book side of the bank reconciliation? A. beginning bank balance B. outstanding checks C. interest income D. error made by bankarrow_forwardIdentify where each of the following transactions would be found on the bank reconciliation. Table 8.3arrow_forwardPrepare the journal entry to reconcile the bank statement in EA7.arrow_forward
- Which of the following are found on the bank side of the bank reconciliation? A. NSF check B. interest income C. wire transfer into clients account D. deposit in transitarrow_forwardLeann Company received the following bank statement. Using the information from PB11 and PB12, prepare the bank reconciliation.arrow_forwardHajun Company received the following bank statement. Using the information from PB9 and PB10, prepare the bank reconciliation.arrow_forward
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