70.2K

Verified Solution

Link Copied!

A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12 , indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconcilistion. (Select the answers in the appropriate cells. Leave no cells blank, Be certain to select "NA" in flelds which are not applicable.) 1. Interest was earned by the company on the cash balance it had with the bank. The company has not yet recorded this interest. 2. The bank received an electronic funds transfer (EFT) and deposied the amount in the company's account on September 30 . The company has not yot recorded this EFT 3. Night deposit made on September 30 after the bank closed. 4. Interest earned on the September cash balance in the bank is not yet recorted by the company. 5. NSF cheque from a customer is shown on the bank statement but not yet recorded by the company 6. Bank fees for cheque printing are not yot recorded by the company. 7. Deposit made on September 5 and processed by the bank on September 6 . 8. Cheque written by another depositor but mistakenly charged against this company's account. 9. Bank service charge for September is not yet recorded by the company. 10. Cheques outstanding on August 31 that clearod the bank in September. 11. A note receivable is collected by the bank for the company, but it is not yet recorded by the company. 12. Cheques written and mailed to payees on October 2

Answer & Explanation Solved by verified expert

See Answer