This question is related to reconciliation of the Bank Statement to the General Ledger. Place the correct letter next to each number. Letters can be used more than once or not at all. a. Addition to the bank statement balance b. Deduction from the bank statement balance c. Addition to the company’s book balance d. Deduction from the company’s book balance ______ 12-1. The service charge by the bank was $8. ______ 12-2. A $1,700 note receivable was collected for the company by the bank. ______ 12-3. There were two outstanding checks totaling $3,200. ______ 12-4. A $355 NSF check drawn by a customer was deducted from the company’s bank account and returned to the company. ______12-5. A deposit of $725 was made after banking hours on March 31st. ______12-6. A check for $342 was erroneously recorded in the company’s books as $324.
This question is related to reconciliation of the Bank Statement to the General Ledger.
Place the correct letter next to each number. Letters can be used more than once or not at all.
a. Addition to the bank statement balance
b. Deduction from the bank statement balance
c. Addition to the company’s book balance
d. Deduction from the company’s book balance
______ 12-1. The service charge by the bank was $8.
______ 12-2. A $1,700 note receivable was collected for the company by the bank.
______ 12-3. There were two outstanding checks totaling $3,200.
______ 12-4. A $355 NSF check drawn by a customer was deducted from the company’s bank account and returned to the company.
______12-5. A deposit of $725 was made after banking hours on March 31st.
______12-6. A check for $342 was erroneously recorded in the company’s books as $324.
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