Accounts Receivable Clerk recorded a check cleared by the [ Choose ] bank for $345 as $354. Deposits in transit [ Choose ] Accounts Payable Clerk recorded a check cleared by the bank for $605 as $650. [ Choose ] Wire transfer by customer [ Choose ] Journalized depreciation for $475. Choose ] A check is returned for insufficient funds. [ Choose ] Outstanding checks [ Choose ] Bank recorded a deposit for $675 as $657. [ Choose ] Automatic Loan Installment Payment [ Choose ]
Accounts Receivable Clerk recorded a check cleared by the [ Choose ] bank for $345 as $354. Deposits in transit [ Choose ] Accounts Payable Clerk recorded a check cleared by the bank for $605 as $650. [ Choose ] Wire transfer by customer [ Choose ] Journalized depreciation for $475. Choose ] A check is returned for insufficient funds. [ Choose ] Outstanding checks [ Choose ] Bank recorded a deposit for $675 as $657. [ Choose ] Automatic Loan Installment Payment [ Choose ]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Identify where each of the following transactions would be found on the bank reconciliation.
![Identify where each of the following transactions would be found on the bank reconciliation.
Bank processed in error a customer check twice.
[ Choose ]
Accounts Receivable Clerk recorded a check cleared by the
bank for $345 as $354.
[Choose ]
Deposits in transit
[ Choose ]
Accounts Payable Clerk recorded a check cleared by the
[ Choose ]
bank for $605 as $650.
Wire transfer by customer
[ Choose ]
Journalized depreciation for $475.
[ Choose ]
A check is returned for insufficient funds.
[ Choose ]
Outstanding checks
[ Choose ]
Bank recorded a deposit for $675 as $657.
[ Choose ]
Automatic Loan Installment Payment
[ Choose ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ba0bb6e-e2c2-4193-9e84-578f833b18f1%2Fcf56fbee-915b-4dc1-8962-8dc5052e9b6f%2F39zddej_processed.png&w=3840&q=75)
Transcribed Image Text:Identify where each of the following transactions would be found on the bank reconciliation.
Bank processed in error a customer check twice.
[ Choose ]
Accounts Receivable Clerk recorded a check cleared by the
bank for $345 as $354.
[Choose ]
Deposits in transit
[ Choose ]
Accounts Payable Clerk recorded a check cleared by the
[ Choose ]
bank for $605 as $650.
Wire transfer by customer
[ Choose ]
Journalized depreciation for $475.
[ Choose ]
A check is returned for insufficient funds.
[ Choose ]
Outstanding checks
[ Choose ]
Bank recorded a deposit for $675 as $657.
[ Choose ]
Automatic Loan Installment Payment
[ Choose ]
![V
[ Choose ]
Decrease Book Side
Decrease Bank Side
he
Would not be found on a bank reconciliation
Increase both bank side and book side
Increase Bank Side
Increase bank side and decrease book side
Increase Book Side
Decrease both bank side and book side
Decrease bank side and increase book side](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ba0bb6e-e2c2-4193-9e84-578f833b18f1%2Fcf56fbee-915b-4dc1-8962-8dc5052e9b6f%2Fkm0xwlo_processed.png&w=3840&q=75)
Transcribed Image Text:V
[ Choose ]
Decrease Book Side
Decrease Bank Side
he
Would not be found on a bank reconciliation
Increase both bank side and book side
Increase Bank Side
Increase bank side and decrease book side
Increase Book Side
Decrease both bank side and book side
Decrease bank side and increase book side
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