For each of the items in the following list, identify where it is included on a bank reconciliation. Next to each item indicate "Increase Bank" for an increase in the bank balance; "Decrease Bank" for a decrease in the bank balance; "Increase Book" for an increase in the book balance; "Decrease Book" for a decrease in the book balance; or "Not Applicable", to indicate that the item is not included in the bank reconciliation. 1. Outstanding cheques from a prior month (May) that are still outstanding select an option Decrease BankIncrease BankNot ApplicableDecrease BookIncrease Book 2. Outstanding cheques from a prior month (May) that are no longer outstanding select an option Increase BookDecrease BookIncrease BankDecrease BankNot Applicable 3. A deposit in transit from the current month (June) select an option Not ApplicableIncrease BankIncrease BookDecrease BookDecrease Bank 4. A company error in recording a cheque made out for $630 as $360 select an option Decrease BankIncrease BankIncrease BookNot ApplicableDecrease Book 5. A bank error in recording a company cheque made out for $200 as $290 select an option Decrease BookIncrease BookIncrease BankNot ApplicableDecrease Bank 6. Bank service charges select an option Decrease BankNot ApplicableIncrease BankDecrease BookIncrease Book 7. A bank deposit for interest earned on an investment select an option Increase BankNot ApplicableDecrease BankIncrease BookDecrease Book 8. Outstanding cheques from the current month (June) select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book 9. A company error in recording a $1,280 deposit as $1,680 select an option Increase BookDecrease BookNot ApplicableIncrease BankDecrease Bank 10. A bank service charge for an NSF cheque select an option Not ApplicableIncrease BookDecrease BookDecrease BankIncrease Bank 11. A bank error in recording a $2,575 deposit as $2,755 select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book 12. An EFT collection on account

For each of the items in the following list, identify where it is included on a bank reconciliation. Next to each item indicate "Increase Bank" for an increase in the bank balance; "Decrease Bank" for a decrease in the bank balance; "Increase Book" for an increase in the book balance; "Decrease Book" for a decrease in the book balance; or "Not Applicable", to indicate that the item is not included in the bank reconciliation. 1. Outstanding cheques from a prior month (May) that are still outstanding select an option Decrease BankIncrease BankNot ApplicableDecrease BookIncrease Book 2. Outstanding cheques from a prior month (May) that are no longer outstanding select an option Increase BookDecrease BookIncrease BankDecrease BankNot Applicable 3. A deposit in transit from the current month (June) select an option Not ApplicableIncrease BankIncrease BookDecrease BookDecrease Bank 4. A company error in recording a cheque made out for $630 as $360 select an option Decrease BankIncrease BankIncrease BookNot ApplicableDecrease Book 5. A bank error in recording a company cheque made out for $200 as $290 select an option Decrease BookIncrease BookIncrease BankNot ApplicableDecrease Bank 6. Bank service charges select an option Decrease BankNot ApplicableIncrease BankDecrease BookIncrease Book 7. A bank deposit for interest earned on an investment select an option Increase BankNot ApplicableDecrease BankIncrease BookDecrease Book 8. Outstanding cheques from the current month (June) select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book 9. A company error in recording a $1,280 deposit as $1,680 select an option Increase BookDecrease BookNot ApplicableIncrease BankDecrease Bank 10. A bank service charge for an NSF cheque select an option Not ApplicableIncrease BookDecrease BookDecrease BankIncrease Bank 11. A bank error in recording a $2,575 deposit as $2,755 select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book 12. An EFT collection on account

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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1.	Outstanding cheques from a prior month (May) that are still outstanding	select an option Decrease BankIncrease BankNot ApplicableDecrease BookIncrease Book
2.	Outstanding cheques from a prior month (May) that are no longer outstanding	select an option Increase BookDecrease BookIncrease BankDecrease BankNot Applicable
3.	A deposit in transit from the current month (June)	select an option Not ApplicableIncrease BankIncrease BookDecrease BookDecrease Bank
4.	A company error in recording a cheque made out for $630 as $360	select an option Decrease BankIncrease BankIncrease BookNot ApplicableDecrease Book
5.	A bank error in recording a company cheque made out for $200 as $290	select an option Decrease BookIncrease BookIncrease BankNot ApplicableDecrease Bank
6.	Bank service charges	select an option Decrease BankNot ApplicableIncrease BankDecrease BookIncrease Book
7.	A bank deposit for interest earned on an investment	select an option Increase BankNot ApplicableDecrease BankIncrease BookDecrease Book
8.	Outstanding cheques from the current month (June)	select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book
9.	A company error in recording a $1,280 deposit as $1,680	select an option Increase BookDecrease BookNot ApplicableIncrease BankDecrease Bank
10.	A bank service charge for an NSF cheque	select an option Not ApplicableIncrease BookDecrease BookDecrease BankIncrease Bank
11.	A bank error in recording a $2,575 deposit as $2,755	select an option Not ApplicableDecrease BankIncrease BookIncrease BankDecrease Book
12.	An EFT collection on account

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