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Author Question: The May bank statement for Accounting Services shows a balance of $6300, but the balance per books ... (Read 35 times)

V@ndy87

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on: Nov 11, 2019
The May bank statement for Accounting Services shows a balance of $6300, but the balance per books shows a cash balance of $7,980. Other information includes

1. A cheque for $200 to pay the electric bill was recorded on the books as $20.
2. Included on the bank statement was a note collected by the bank for $300 plus interest of $30.
3. Cheques outstanding totaled $360.
4. Bank service charges were $50.
5. Deposits in transit were $2,140.

Which item should be added to the company's book balance during the bank reconciliation?
◦ Note collected by the bank
◦ Deposit in transit
◦ Bank service charge
◦ Cheque outstanding
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Marked as best answer by V@ndy87 on Nov 11, 2019

Sammyo

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Reply #1 on: Nov 11, 2019
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V@ndy87

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review

mcarey591

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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