The following reconciling items are applicable to the bank reconciliation for Forde Co.Indicate how each item should be shown on a bank reconciliation. (a) Outstanding checks. Select how the item should be shown on a bank reconciliation Added to cash balance per booksDeducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bank (b) Bank debit memorandum for service charge. Select how the item should be shown on a bank reconciliation Added to cash balance per bankDeducted from cash balance per booksDeducted from cash balance per bankAdded to cash balance per books (c) Bank credit memorandum for collecting from customer an electronic funds transfer. Select how the item should be shown on a bank reconciliation Deducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bankAdded to cash balance per books (d) Deposit in transit.
The following reconciling items are applicable to the bank reconciliation for Forde Co.Indicate how each item should be shown on a bank reconciliation. (a) Outstanding checks. Select how the item should be shown on a bank reconciliation Added to cash balance per booksDeducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bank (b) Bank debit memorandum for service charge. Select how the item should be shown on a bank reconciliation Added to cash balance per bankDeducted from cash balance per booksDeducted from cash balance per bankAdded to cash balance per books (c) Bank credit memorandum for collecting from customer an electronic funds transfer. Select how the item should be shown on a bank reconciliation Deducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bankAdded to cash balance per books (d) Deposit in transit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following reconciling items are applicable to the bank reconciliation for Forde Co.
Indicate how each item should be shown on a bank reconciliation.
| (a) |
Outstanding checks.
|
Select how the item should be shown on a bank reconciliation Added to cash balance per booksDeducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bank | |
|---|---|---|---|
| (b) |
Bank debit memorandum for service charge.
|
Select how the item should be shown on a bank reconciliation Added to cash balance per bankDeducted from cash balance per booksDeducted from cash balance per bankAdded to cash balance per books | |
| (c) |
Bank credit memorandum for collecting from customer an electronic funds transfer.
|
Select how the item should be shown on a bank reconciliation Deducted from cash balance per bankDeducted from cash balance per booksAdded to cash balance per bankAdded to cash balance per books | |
| (d) |
Deposit in transit.
|
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