Following is the general format of a four-column bank reconciliation with the various categories and presentation numbered (1) through (8):Balance10/31November NovemberReceipts DisbursementsBalance11/30SXXXXX3Per Bank StatementItems to be added.Items to be deducted:Per BooksSXXXXX1.$XXXXXSXXXXX7.SXXXXXSXXXXXSXXXXXSXXXXXIndicate the proper location for the following reconciling items.Assume the books record NSF checks as disbursements. A 10/31 NSF check will appear as:Select one:O a.1 and 5O b.2 and 5O cl and 4O d. 2 and 3O e. 2 and 6

Bank Reconciliation Statement is a summary of banking activities that reconciles the organisation's…

Following is the general format of a four-column bank reconciliation with the various categories and presentation numbered (1) through (8) Balance November November Balance 10/31 Receipts Disbursements 11/30 $XXXXX $XXXXX $XXXXX Per Bank Statement Items to be added. Items to be deducted Per Books SXXXXX XXXXX Indicate the proper location for the following reconciling items. Assume the books record NSF checks as disbusements. A 10/31 NSF check will appear as Select one: O a1 and 5 O b. 2 and 5 Ocl and 4 O d. 2 and 3

Following is the general format of a four-column bank reconciliation with the various categories and presentation numbered (1) through (8) Balance November November Balance 10/31 Receipts Disbursements 11/30 $XXXXX $XXXXX $XXXXX Per Bank Statement Items to be added. Items to be deducted Per Books SXXXXX XXXXX Indicate the proper location for the following reconciling items. Assume the books record NSF checks as disbusements. A 10/31 NSF check will appear as Select one: O a1 and 5 O b. 2 and 5 Ocl and 4 O d. 2 and 3

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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