Try It! For each of the following items, determine whether the item would be: a. added to the bank balance b. subtracted from the bank balance c. added to the book balance d. subtracted from the book balance 11. Interest revenue earned 14. Service charge 12. NSF check 15. Outstanding check 13. Deposit in transit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Try It!
For each of the following items, determine whether the item would be:
a. added to the bank balance
b. subtracted from the bank balance
c. added to the book balance
d. subtracted from the book balance
11. Interest revenue earned
14. Service charge
>
12. NSF check
15. Outstanding check
13. Deposit in transit
Transcribed Image Text:Try It! For each of the following items, determine whether the item would be: a. added to the bank balance b. subtracted from the bank balance c. added to the book balance d. subtracted from the book balance 11. Interest revenue earned 14. Service charge > 12. NSF check 15. Outstanding check 13. Deposit in transit
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