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 ]
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EA: Using the following information, prepare a bank reconciliation. Bank balance: $6,988 Book balance:...
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Identify where each of the following transactions would be found on the bank reconciliation.
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