It is time for Shanita's monthly bank reconciliation. How will she do this? Select an answer: Compare the ending balance on the statement to the ending balance on the reconciliation report to make sure they match. Compare the statement to the reconciliation report item by item and delete each item listed on the report that matches. Compare the statement to the reconciliation report item by item and place a checkmark next to each item on the report that matches.

For the following question, reconcile the bank statement and check register. Would they need to make an adjustment or does everything reconcile? Sylvia’s checkbook balance on July 31 is $389.32. The information on her bank statement is given below. The outstanding checks, unrecorded deposits, and unrecorded ATM transactions are listed here also. From this information will her account reconcile? Bank statement: $434.30; Interest: $0.79; Service charge: $2.75 Outstanding checks: #911: $53.29; #912: $31.16; #913: $20.04; #920: $11.42; #923: $24.50; #925: $16.90; #930: $33.30; #932: $8.70; #933: $10.55. Unrecorded deposits ATM: 7/30: $183.52; 7/31: $69.40. Unrecorded ATM withdrawals: 7/30: $40.00; 7/31: $50.00   Bank Statement Reconcile Amount:   Check Register Reconcile Amount:

The current month's bank statement for your account arrives in the mail.  In reviewing the statement you notice a deposit listed for $400 that you did not make.  It has credited in error to your account.  Discuss whether you have an ethical or legal obligation to the error.  What action should you take?

The current month's bank statement for your account arrives in the mail. In reviewing the statement, you notice a deposit listed for $400 that you did not make. It has been credited in error to your account.   Discuss with your fellow classmates whether you have an ethical or legal obligation to inform the bank of the error. What action should you take?

At the end of the month you are reconciling your checking account and you cannot get the reconciliation difference to come to $0. Below is a screen shot of the reconciliation and the bank statement. What is the reason for the error?

I completed a Bank Reconciliation for the Arrowhead company.  The next step is creating the adjusting general entries for what's missing on the book.  Based of the pictures, what would those be??

Natalie decides that she cannot afford to hire John to do her accounting. One way that she can ensure that her cash account does not have any errors and is accurate and up-to-date is to prepare a bank reconciliation at the end of each month.Natalie would like you to help her. She asks you to prepare a bank reconciliation for June 2021 using the following information. GENERAL LEDGER—COOKIE CREATIONS INC. Cash Date Explanation Ref Debit Credit Balance 2021           June 1 Balance       2,657 1     750   3,407 3 Check #600     625 2,782 3 Check #601     95 2,687 8 Check #602     56 2,631 9     1,050   3,681 13 Check #603     425 3,256 20     155   3,411 28 Check #604     297 3,114 28     110   3,224   PREMIER BANKStatement of Account—Cookie Creations Inc.June 30, 2021 Date   Explanation   Checks and…

Which of the following practices contributes to efficientcash management? a. Never borrow money—maintain a cash balance suffi-cient to make all necessary payments. b. Record all cash receipts and cash payments at the endof the month when reconciling the bank statements.c. Prepare monthly forecasts of planned cash receipts,payments, and anticipated cash balances up to a year inadvance.d. Pay each bill as soon as the invoice arrives.

9. When preparing a check and you commit an error, what should you do? a. Get a pencil eraser and erase the error. b. Get a white ink pen and erase the error. 6. c. Cancel the check and prepare a new one. d. Call an ambulance. 10. It is a report issued by a bank (on a monthly basis) which shows the deposits and withdrawals during the period and the cumulative balance of a depositor's bank account. a. Credit card billing statement b. ATM card c. Bank statement d. T- account

Suppose a co-worker has recorded a cash disbursement twice (Supplies Expense was debited twice for $100 and Cash was credited twice for $100) and wants you to record a correcting entry that will reverse the mistake. The correcting entry will record a debit to the Cash account and a credit to the Supplies account. Would you make this correcting entry? What should you investigate before making a decision about the correcting entry? Are there any other steps you would take to address this issue?