Bank Reconciliation For a through g, indicate whether its amount (1) affects the bank or book side of a bank reconciliation, (2) is an addition or subtraction in a bank reconciliation, and (3) requires a journal entry. a. Interest on cash balance b. Bank service charges c. Minimum balance bank fee d. Outstanding checks e. Collection of note by bank f. NSF checks g. Deposits in transit Bank or Book Side Add or Subtract Entry or Not
Bank Reconciliation For a through g, indicate whether its amount (1) affects the bank or book side of a bank reconciliation, (2) is an addition or subtraction in a bank reconciliation, and (3) requires a journal entry. a. Interest on cash balance b. Bank service charges c. Minimum balance bank fee d. Outstanding checks e. Collection of note by bank f. NSF checks g. Deposits in transit Bank or Book Side Add or Subtract Entry or Not
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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![Bank Reconciliation
For a through g, indicate whether its amount (1) affects the bank or book side of a
bank reconciliation, (2) is an addition or subtraction in a bank reconciliation, and
(3) requires a journal entry.
a. Interest on cash balance
b. Bank service charges
c. Minimum balance bank fee
d. Outstanding checks
e. Collection of note by bank
f. NSF checks
g. Deposits in transit
Bank or Book Side Add or Subtract
Entry or Not](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93428baa-a622-44d3-bd47-08a2fc2bc9be%2Fa1e6765a-7ea1-454a-af84-6c1b2355addc%2Fandzdfs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bank Reconciliation
For a through g, indicate whether its amount (1) affects the bank or book side of a
bank reconciliation, (2) is an addition or subtraction in a bank reconciliation, and
(3) requires a journal entry.
a. Interest on cash balance
b. Bank service charges
c. Minimum balance bank fee
d. Outstanding checks
e. Collection of note by bank
f. NSF checks
g. Deposits in transit
Bank or Book Side Add or Subtract
Entry or Not
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