Assuming none of the transactions reported by the bank debit or credit memos have been recorded by the company, which of the following reconciling items (a through g) require an entry on the company's books? a. checks outstanding totaled $7,250 b. a deposit of $12,000 representing cash receipts of May 31 had been made too late to appear on the May 31 bank statement. c. the bank collected a note on behalf of the company in the amount of $3,500. d. a check for $270 had been incorrectly charged by the bank as $720 as shown on the bank statement. e. a check for $420 returned with the bank statement had been recorded incorrectly on the company's books as $240.  f. bank service charges for May amounted to $175 g. a deposited check from May 24 for $1,200 was rejected by the bank due to insufficient funds Please select the applicable letters of each item to be journalized by the company and enter them below. Separate each item by a comma.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assuming none of the transactions reported by the bank debit or credit memos have been recorded by the company, which of the following reconciling items (a through g) require an entry on the company's books?

a. checks outstanding totaled $7,250

b. a deposit of $12,000 representing cash receipts of May 31 had been made too late to appear on the May 31 bank statement.

c. the bank collected a note on behalf of the company in the amount of $3,500.

d. a check for $270 had been incorrectly charged by the bank as $720 as shown on the bank statement.

e. a check for $420 returned with the bank statement had been recorded incorrectly on the company's books as $240. 

f. bank service charges for May amounted to $175

g. a deposited check from May 24 for $1,200 was rejected by the bank due to insufficient funds

Please select the applicable letters of each item to be journalized by the company and enter them below. Separate each item by a comma. 

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