Indicate whether each transaction would require an adjustment to the bank balance or the book balance when reconciling cash. Bank service charge on the bank statement Choose. Minimum balance bank fee charged on the bank Choose. statement NSF check received from a customer as revealed on the Choose. bank statement Collecton on a note from a customer as indicated on the Choose. bank statement Outstanding checks Choose. Interest earned on the cash balance per the bank Choose. statement

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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only options are the Book balance need adjusting or the Bank balance needs adjusting

Indicate whether each transaction would require an adjustment to
the bank balance or the book balance when reconciling cash.
Bank service charge on the bank statement
Choose.
Minimum balance bank fee charged on the bank
Choose.
statement
NSF check received from a customer as revealed on the
Choose.
bank statement
Collecton on a note from a customer as indicated on the
Choose.
bank statement
Outstanding checks
Choose.
Interest earned on the cash balance per the bank
Choose.
statement
Transcribed Image Text:Indicate whether each transaction would require an adjustment to the bank balance or the book balance when reconciling cash. Bank service charge on the bank statement Choose. Minimum balance bank fee charged on the bank Choose. statement NSF check received from a customer as revealed on the Choose. bank statement Collecton on a note from a customer as indicated on the Choose. bank statement Outstanding checks Choose. Interest earned on the cash balance per the bank Choose. statement
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