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For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not

For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5DQ
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For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not
Transcribed Image Text:For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a subtraction in a bank reconciliation and whether a journal entry is required: Items a. Deposit in transit from insurance company b. Minimum balance bank fee c. Bank collected note receivable on behalf of depositor d. Bank maintenance fee e. NSF checks f. Check printing bank fee g. Bank service charges Bank or Book side Addition or Subtraction Entry required or Not
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