r books of the following would be added to the balance per book on a bank reconc
ID: 2436751 • Letter: R
Question
r books of the following would be added to the balance per book on a bank reconciliation? a. Notes collected by the bank b. Deposits in transit c. Service charges d. Outstanding checks 16 Which of the following bank reconciliation items would not result In a journal entry? a. Service charge b. NSF check of a customer c. Collection of a note by the bank d. Deposits in transit Which of the following would be deducted from the balance per books on a bank reconciliation? a. Notes collected by the bank b. Deposit in transit c. Service charges d. Outstanding checks 7 The management of public companies must establish systems that a. Safeguard the firm's assets b. Ensure reliability of its accounting records c. See that employees comply with legal requirements d. Do all of theseExplanation / Answer
15. The answer is a.
Amount of notes collected by bank needs to be added to the balance per books on the Bank reconciliation.
16. The answer is d.
A deposit in transit is cash and checks that have been received and recorded by an entity, but which have not yet been recorded in the records of the bank where the funds are deposited.
17. The answer is c.
Service charges charged by banks needs to deducted from the balance per books on a bank reconciliation.
18. The answer is D -- All the above.