see the image AddDeductAddDeductToFromToFromBANKBalanceBOOKBOOKBANKBalanceBalanceBalanceBy mistake, the bank charged your bank account foranother company's bank fees.| 12Fee charged by bank for returned check.A company had a receipt of S989 and correctly preparedits bank deposit slip for S989. However, the companyrecorded the receipt in its Cash account as S998. How isthe difference of $9 handled on the bank reconciliation?The bank collected a Note Receivable for the companyand credited the company's bank account for $1,000.Deposit in transit.

Bank reconciliation is the summary showing the adjustments made to match the book balance with the…

Add Deduct Add To BOOK Balance Deduct From BANK Balance From To BOOK Balance BANK Balance By mistake, the bank charged your bank account for another company's bank fees. 2 Fee charged by bank for returned check. A company had a receipt of S989 and correctly prepared its bank deposit_slip for $989. However, the company 3 recorded the receipt in its Cash account as S998. How is the difference of $9 handled on the bank reconciliation? The bank collected a Note Receivable for the company and credited the company's bank account for $1,000. Deposit in transit.

Add Deduct Add To BOOK Balance Deduct From BANK Balance From To BOOK Balance BANK Balance By mistake, the bank charged your bank account for another company's bank fees. 2 Fee charged by bank for returned check. A company had a receipt of S989 and correctly prepared its bank deposit_slip for $989. However, the company 3 recorded the receipt in its Cash account as S998. How is the difference of $9 handled on the bank reconciliation? The bank collected a Note Receivable for the company and credited the company's bank account for $1,000. Deposit in transit.

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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