if it is added to the balance per bank statement, deducted from the balance per bank statement, added to the balance per books, deducted from the balance per books, or not needed for the reconciliation. 1. 2. 3. 4. 5. 6. 7. Deposit in transit of $5,600. Previous month's outstanding cheque for $290 clearing the bank in the current month. Interest credited by the bank to Sandhill's account of $32. Bank service charges of $22. A deposit in transit from previous month of $870 shown by bank as deposit of current month. Outstanding cheques of $7,400. NSF cheque returned of $260, and related service charge of $19. Added to the balance per bank statement Added to the balance per books Deducted from the balance per bank statement Deducted from the balance per books Not needed for the reconciliation

if it is added to the balance per bank statement, deducted from the balance per bank statement, added to the balance per books, deducted from the balance per books, or not needed for the reconciliation. 1. 2. 3. 4. 5. 6. 7. Deposit in transit of $5,600. Previous month's outstanding cheque for $290 clearing the bank in the current month. Interest credited by the bank to Sandhill's account of $32. Bank service charges of $22. A deposit in transit from previous month of $870 shown by bank as deposit of current month. Outstanding cheques of $7,400. NSF cheque returned of $260, and related service charge of $19. Added to the balance per bank statement Added to the balance per books Deducted from the balance per bank statement Deducted from the balance per books Not needed for the reconciliation

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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