Author Question: Put an X in the appropriate box to show how each of these items would appear on a company's bank ... (Read 57 times)

folubunmi

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Put an X in the appropriate box to show how each of these items would appear on a company's bank reconciliation. Put an asterisk () next to the items for which the company must record an adjusting entry:
 
  Balance per bank Balance per books
   add to deduct from add to deduct from
  1. The bank statement shows that a check written by the company for 651 was paid by the bank for 615 in error.
  2. The bank recorded a deposit of 100 as 1,000.
  3. The bookkeeper correctly wrote a check to a supplier for 604, but recorded the payment as 406 in the company's records.
  4. The company's bookkeeper mistakenly recorded a deposit of 420 as 240.

Question 2

____________________ represent items that the bank deducts from the depositor's account.
 Fill in the blank(s) with correct word



mcomstock09

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Answer to Question 1

Balance per bank Balance per books
add to deduct from add to deduct from
1. X
2. X
3. X
4. X

Answer to Question 2

Debit memos



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