Identify where each of the following transactions would be found on the bankreconciliation.Decreasebook sideWould not be foundDecreaseIncreaseIncreaseDecreaseIncrease bankDecrease bothIncreaseon a bankreconciliationbank sideside andbook sidebank side andincrease bookboth bankbank sidebank side andside anddecreasebook sidesidebook sidebook side1. Outstanding check2. Interest income3. NSF check4. Wire transfer by customer5. Credit sale to customer6. Bank charges7. Overcharge by Bank (Error)8. Depreciation on equipment9. Deposit in transit10. Automatic loan payment

dentify where each of the following transactions would be found on the bank econciliation. Increase bank side Would not be found Decrease Decrease Increase Decrease Increase bank Decrease both Increase on a bank econciliation both bank side and book side side and decrease bank side and book side bank side bank side and book side increase book book side side book side 1. Outstanding check 2. Interest income 3. NSF check 4. Wire transfer by customer 5. Credit sale to customer 6. Bank charges 7. Overcharge by Bank (Error) 8. Depreciation on equipment 9. Deposit in transit 10. Automatic loan payment

dentify where each of the following transactions would be found on the bank econciliation. Increase bank side Would not be found Decrease Decrease Increase Decrease Increase bank Decrease both Increase on a bank econciliation both bank side and book side side and decrease bank side and book side bank side bank side and book side increase book book side side book side 1. Outstanding check 2. Interest income 3. NSF check 4. Wire transfer by customer 5. Credit sale to customer 6. Bank charges 7. Overcharge by Bank (Error) 8. Depreciation on equipment 9. Deposit in transit 10. Automatic loan payment

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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