This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify each of the following reconciling items in the bank reconciliation process as being a ... (Read 28 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jul 5, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 5, 2018
Answer to Question 1

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

Answer to Question 2

petty cash payments record


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jul 5, 2018
Gracias!

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Simplified diagram of the fractional distillation process Simplified diagram of the fractional distillation process
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
The Three Stages of the Birth Process The Three Stages of the Birth Process
The process of learning to read involves physical and socioemotional development, changes in the ... The process of learning to read involves physical and socioemotional development, changes in the ...
Palpating the mastoid process Palpating the mastoid process
Nursing Care Plan Process: Client with High Blood Lipid Levels Nursing Care Plan Process: Client with High Blood Lipid Levels
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library