Identify where each of the following transactions would be found on the bank reconciliation. Accounts Receivable Clerk recorded a check cleared by the [ Choose ] bank for $215 as $125. Outstanding check [ Choose ] Wire transfer by customer [ Choose ] Bank recorded deposit for $1,234 as $1,324. [ Choose ] Received utility bill. [ Choose ] Automatic Loan Payment [ Choose ] Accounts Payable Clerk recorded a check cleared by the [ Choose ] bank for $583 as $538. Bank processed in error a customer check twice. [ Choose ] Deposits in transit [ Choose ] NSF Check [ Choose ]

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Identify where each of the following transactions would be found on the bank reconciliation.
 
che v [ Choose]
Decrease Book Side
Would not be found on a bank reconciliation
Decrease both bank side and book side
Increase both bank side and book side
Increase Bank Side
Decrease bank side and increase book side
Decrease Bank Side
Increase bank side and decrease book side
Increase Book Side
Transcribed Image Text:che v [ Choose] Decrease Book Side Would not be found on a bank reconciliation Decrease both bank side and book side Increase both bank side and book side Increase Bank Side Decrease bank side and increase book side Decrease Bank Side Increase bank side and decrease book side Increase Book Side
Identify where each of the following transactions would be found on the bank reconciliation.
Accounts Receivable Clerk recorded a check cleared by the
[ Choose ]
bank for $215 as $125.
Outstanding check
[ Choose ]
Wire transfer by customer
[ Choose ]
Bank recorded deposit for $1,234 as $1,324.
[ Choose ]
Received utility bill.
[ Choose ]
Automatic Loan Payment
[ Choose ]
Accounts Payable Clerk recorded a check cleared by the
bank for $583 as $538.
[ Choose ]
Bank processed in error a customer check twice.
[ Choose ]
Deposits in transit
[ Choose ]
NSF Check
[ Choose ]
Transcribed Image Text:Identify where each of the following transactions would be found on the bank reconciliation. Accounts Receivable Clerk recorded a check cleared by the [ Choose ] bank for $215 as $125. Outstanding check [ Choose ] Wire transfer by customer [ Choose ] Bank recorded deposit for $1,234 as $1,324. [ Choose ] Received utility bill. [ Choose ] Automatic Loan Payment [ Choose ] Accounts Payable Clerk recorded a check cleared by the bank for $583 as $538. [ Choose ] Bank processed in error a customer check twice. [ Choose ] Deposits in transit [ Choose ] NSF Check [ Choose ]
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