Identify each of the following reconciling items in the bank ...

[bobbysung]

Identify each of the following reconciling items in the bank reconciliation process as being a reconciling item either on the bank's side (Bank) or on the company's side (Book) of the bank reconciliation.
 
  _____ 1. A bank fee for printing new checks
  _____ 2. Team Shirts correctly deposited a check for 882. The bank recorded the check as 828.
  _____ 3. Outstanding checks
  _____ 4. Deposits in transit
  _____ 5. Team Shirts deposited a check that it had recorded as 89.00. The bank correctly recorded the check as 98.

Question 2

A(n) ___________________ _ is a special multi-column record used to keep track of payments from the petty cash fund as a supplement to the accounting records.
 Fill in the blank(s) with correct word

[bdobbins]

Answer to Question 1

1. Book, 2. Bank, 3. Bank, 4. Bank, 5. Book

Answer to Question 2

petty cash payments record

[bobbysung]

Excellent

[atrochim]

Great answer, keep it coming