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Author Question: B. Hallonon shows a balance in her Cash account of 360, but the bank statement just received shows a ... (Read 245 times)

azncindy619

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on: Jul 6, 2018
B. Hallonon shows a balance in her Cash account of 360, but the bank statement just received shows a balance of 460 . The difference of 100 may be caused by
 a. an NSF check for 100.
   b. an outstanding check for 100.
   c. a debit memo for 100.
   d. a deposit in transit of 100.
   e. interest income of 50.

Question 2

The ledger balance of cash may differ from the bank statement balance because of
 a. NSF checks.
   b. outstanding checks.
   c. service charges.
   d. deposits in transit.
   e. all of these.


CharlieArnold

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Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

e


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