| Identify whether each of the following items would be (a) added to the book balance, (b) deductedfrom the book balance in a bank reconciliation, (c) added to the bank balance, or (d) deductedfrom the bank balance.1. Deposits in transit2. Bank service charge3.Collection of note and interest by bank on company’s behalf4. NSF check5. Outstanding checksAns: N/A, LO: 7, Bloom: K, Difficulty: Medium, Min: 4, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FN: Measurement, AICPA PC:None, IMA: FSA Recommended textbooks for you FINANCIAL ACCOUNTING Accounting Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... Author:Srikant M. Datar, Madhav V. Rajan Intermediate Accounting Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education FINANCIAL ACCOUNTING ISBN:9781259964947 Author:Libby Publisher:MCG Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting Information Systems ISBN:9781337619202 Author:Hall, James A. Publisher:Cengage Learning, Horngren's Cost Accounting: A Managerial Emphasis... ISBN:9780134475585 Author:Srikant M. Datar, Madhav V. Rajan Publisher:PEARSON Intermediate Accounting ISBN:9781259722660 Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas Publisher:McGraw-Hill Education Financial and Managerial Accounting ISBN:9781259726705 Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles Publisher:McGraw-Hill Education |
Identify whether each of the following items would be added to the book balance
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