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ADD DEDUC ADD DEDUC то RECONCILING ITEMS T FROM то T FROM BOO BOOK BANK BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.

ADD DEDUC ADD DEDUC то RECONCILING ITEMS T FROM то T FROM BOO BOOK BANK BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Determine whether the following reconciling items should be added to the book or bank account balance or deducted from the book or bank account balance by putting a (√) check mark or (X) cross mark on the corresponding columns.

 

ADD DEDUC ADD DEDUC то T FROM вооK | ВANK RECONCILING ITEMS то T FROM BOO BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.
Transcribed Image Text:ADD DEDUC ADD DEDUC то T FROM вооK | ВANK RECONCILING ITEMS то T FROM BOO BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.
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