Following is the general format of a four-column bank reconciliation with the various categoriesand presentation numbered (1) through (8):NovemberReceiptsBalanceNovemberBalance10/31Disbursements11/30Per Bank StatementItems to be addedItems to be deducted:Per Books$XXXXXSXXXXX3$XXXXX$XXXXX712SXXXXX6.SXXXXX SXXXXX8SXXXXXIndicate the proper location for the following reconciling items.A customer check received by the company in October was erroneously recorded twice by thebooks. The books were corrected in November by recording a negative receipt. This item willappear as:Select one:O a. 2 and 3O b.3 and 7O c.4 and 8O d. 1 and 4O e. 1 and 7

Following is the general format of a four-column bank reconciliation with the various categories and presentation numbered (1) through (8): November November Receipts Disbursements Balance Balance 10/31 11/30 Per Bank Statement Items to be added: $XXXXX SXXXXX 3 $XXXXX $XXXXX 7 Items to be deducted: Per Books 2. SXXXXX 4 6. 8 SXXXXX SXXXXX SXXXXX Indicate the proper location for the following reconciting items. A customer check received by the company in October was erroneously recorded twice by the books. The books were corrected in November by recording a negative receipt. This item will appear as: Select one: O a. 2 and 3 O b. 3 and 7 O c.4 and 8 O d. 1 and 4 O e. 1 and 7

Following is the general format of a four-column bank reconciliation with the various categories and presentation numbered (1) through (8): November November Receipts Disbursements Balance Balance 10/31 11/30 Per Bank Statement Items to be added: $XXXXX SXXXXX 3 $XXXXX $XXXXX 7 Items to be deducted: Per Books 2. SXXXXX 4 6. 8 SXXXXX SXXXXX SXXXXX Indicate the proper location for the following reconciting items. A customer check received by the company in October was erroneously recorded twice by the books. The books were corrected in November by recording a negative receipt. This item will appear as: Select one: O a. 2 and 3 O b. 3 and 7 O c.4 and 8 O d. 1 and 4 O e. 1 and 7

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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