Please answer. Each of the items in the following list must be accounted for in bank reconciliation. Next to each item, enter theappropriate letter from the following possible treatments:(а)(b)(c)(d)Bank side of reconciliation, add the item;Bank side of reconciliation, subtract the item;Book side of reconciliation, add the item;Book side of reconciliation, subtract the item1. Outstanding check2. NSF check3. Bank service charge4. Cost of printed checks5. Bank error that decreased bank balance6. Deposit in transit7. Bank collection8. Customer check returned because of unauthorized signature9. Book error that increase balance of cash account

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Each of the items in the following list must be accounted for in bank reconciliation. Next to each item, enter the appropriate letter from the following possible treatments: (a) Bank side of reconciliation, add the item; (b) Bank side of reconciliation, subtract the item; (c) Book side of reconciliation, add the item; (d) 1. Outstanding check 2. NSF check 3. Bank service charge 4. Cost of printed checks 5. Bank error that decreased bank balance Book side of reconciliation, subtract the item 6. Deposit in transit 7. Bank collection 8. Customer check returned because of unauthorized signature 9. Book error that increase balance of cash account

Each of the items in the following list must be accounted for in bank reconciliation. Next to each item, enter the appropriate letter from the following possible treatments: (a) Bank side of reconciliation, add the item; (b) Bank side of reconciliation, subtract the item; (c) Book side of reconciliation, add the item; (d) 1. Outstanding check 2. NSF check 3. Bank service charge 4. Cost of printed checks 5. Bank error that decreased bank balance Book side of reconciliation, subtract the item 6. Deposit in transit 7. Bank collection 8. Customer check returned because of unauthorized signature 9. Book error that increase balance of cash account

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2CE

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