For each of the items in the following list, identify where it is included on a bank reconciliation: 1. EFT payment made by a customer. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Bank debit memorandum for service charges. Outstanding cheques from the current month. Bank error in recording a $1,779 deposit as $1,977. Outstanding cheques from the previous month that are still outstanding. Outstanding cheques from the previous month that are no longer outstanding. Bank error in recording a company cheque made out for $160 as $610. Bank credit memorandum for interest revenue. Company error in recording a deposit of $160 as $1,600. Bank debit memorandum for a customer's NSF cheque. Deposit in transit from the current month. Company error in recording a cheque made out for $630 as $360.
For each of the items in the following list, identify where it is included on a bank reconciliation: 1. EFT payment made by a customer. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Bank debit memorandum for service charges. Outstanding cheques from the current month. Bank error in recording a $1,779 deposit as $1,977. Outstanding cheques from the previous month that are still outstanding. Outstanding cheques from the previous month that are no longer outstanding. Bank error in recording a company cheque made out for $160 as $610. Bank credit memorandum for interest revenue. Company error in recording a deposit of $160 as $1,600. Bank debit memorandum for a customer's NSF cheque. Deposit in transit from the current month. Company error in recording a cheque made out for $630 as $360.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
Related questions
Question
Transcribed Image Text:For each of the items in the following list, identify where it is included on a bank reconciliation:
1. EFT payment made by a customer.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Bank debit memorandum for service charges.
Outstanding cheques from the current month.
Bank error in recording a $1,779 deposit as $1,977.
Outstanding cheques from the previous month that are still
outstanding.
Outstanding cheques from the previous month that are no
longer outstanding.
Bank error in recording a company cheque made out for
$160 as $610.
Bank credit memorandum for interest revenue.
Company error in recording a deposit of $160 as $1,600.
Bank debit memorandum for a customer's NSF cheque.
Deposit in transit from the current month.
Company error in recording a cheque made out for $630 as
$360.
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