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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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only options are the Book balance need adjusting or the Bank balance needs adjusting
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