At the end of the month of July you close the books of your company and received the bank statement. You are ready to st
Posted: Sun Jul 03, 2022 1:01 pm
At the end of the month of July you close the books of yourcompany and received the bank statement. You are ready to startwith the Adjusting journal entries and realized that a bankreconciliation must be performed.
First you collect the data from June30th reconciliation as follows:
Second you close your update your Cash and bank account with alltransactions recorded before AJE and you have:
Third you look at the bank statement provided by your bank and yousee the following:
Which of the following items have been added to the Cash andBank account when doing the reconciliation?
Multiple Choice
A) None of the other alternatives are correct
B) Autowithdraws $500
C) Service Charges $20
D) Notes Collected $1,000
E) NSF Cheque $150
First you collect the data from June30th reconciliation as follows:
Second you close your update your Cash and bank account with alltransactions recorded before AJE and you have:
Third you look at the bank statement provided by your bank and yousee the following:
Which of the following items have been added to the Cash andBank account when doing the reconciliation?
Multiple Choice
A) None of the other alternatives are correct
B) Autowithdraws $500
C) Service Charges $20
D) Notes Collected $1,000
E) NSF Cheque $150