No.5 Learning Example Whilst preparing a bank reconciliation statement at 31 December. The following items caused a difference between the bank statement balance and the cash book balance. 1.Bank interest charged to the account in error 2.Direct debit for $500 for insurance 3.Bank charges of $70 4.Cheque paid to a supplier on 29 December 5.Receipt from a trade receivable by electronic transfer Required Which of these items will result in an adjustment to the balance per the bank statement? A.2, 3, and 5 B. 1 and 4 C. 1,4, and 5 D1,3, and 5
No.5 Learning Example Whilst preparing a bank reconciliation statement at 31 December. The following items caused a difference between the bank statement balance and the cash book balance. 1.Bank interest charged to the account in error 2.Direct debit for $500 for insurance 3.Bank charges of $70 4.Cheque paid to a supplier on 29 December 5.Receipt from a trade receivable by electronic transfer Required Which of these items will result in an adjustment to the balance per the bank statement? A.2, 3, and 5 B. 1 and 4 C. 1,4, and 5 D1,3, and 5
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![No.5
Learning Example
Whilst preparing a bank reconciliation statement at 31
December. The following items caused a difference
between the bank statement balance and the cash book
balance.
1.Bank interest charged to the account in error
2.Direct debit for $500 for insurance
3.Bank charges of $70
4.Cheque paid to a supplier on 29 December
5.Receipt from a trade receivable by electronic transfer
Required
Which of these items will result in an adjustment to the
balance per the bank statement?
A.2, 3, and 5
B. 1 and 4
C. 1,4, and 5
D1,3, and 5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcee1e4bb-a13b-419b-a487-ebc2a1fab321%2Fae3c3991-fb22-44a4-9aa7-73ec92592eb9%2Ffqq5sz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:No.5
Learning Example
Whilst preparing a bank reconciliation statement at 31
December. The following items caused a difference
between the bank statement balance and the cash book
balance.
1.Bank interest charged to the account in error
2.Direct debit for $500 for insurance
3.Bank charges of $70
4.Cheque paid to a supplier on 29 December
5.Receipt from a trade receivable by electronic transfer
Required
Which of these items will result in an adjustment to the
balance per the bank statement?
A.2, 3, and 5
B. 1 and 4
C. 1,4, and 5
D1,3, and 5
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