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For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not

For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 15MC: Which of the following items are found on a book side of the bank reconciliation? A. beginning bank...
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For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not
Transcribed Image Text:For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not
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