2) Bank Reconciliation (4 marks) ne the code letters below. indicate how each of the...
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2) Bank Reconciliation (4 marks) ne the code letters below. indicate how each of the items listed would be handled when preparing a reconciliation Enter the opereeriate code letter in the space to the left of cochem Code A Add to books. B Deduct from books. C Add to bank. D Deduct from bank. E Does not affect the bank reconciliation. Items 1. Outstanding cheques Cheque for $320 correctly written and aldhy the bank but incorrectly entered in the general journal for $230. Deposit in transit Bank returns deposited cheque marked NSF. 5. Bank collects accounts receivable for depositor electronically 6. Bank debit memorandum for cheque printing fees 7. Petty cash custodian has $86 in paid petty cash vouchers that have not been reimbursed. 8. Bank charged a cheque against the company that should have been charged to another company. Scanned with CamScanner
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