Place a check mark in the column that indicates the location of each item that would be found on a bank reconciliation.

Indicate whether each transaction would require an adjustment to the bank balance or the book balance when reconciling cash. Interest earned on the cash balance per the bank Choose. statement Minimum balance bank fee charged on the bank Choose. statement Collecton on a note from a customer as indicated on the Choose. bank statement NSF check received from a customer as revealed on the Choose. bank statement Outstanding checks Choose. Bank service charge on the bank statement Choose.

What steps are followed in posting from the cash receipts journal to the general ledger?

Why should sales to and receipts of cash from credit customers be recorded and posted immediately?