C. NSF , Bank collection of note receivable of $800, and interest of $80. 75. e. Interest earned on bank balance, $20. f. Service charge, $10. The business credited Cash for $200. The correct amount was $2,000. - The bank incorrectly decreased the business's account by $350 for a check written by another business. lassify each item as (1) an addition to the book balance, (2) a subtraction from the pok balance, (3) an addition to the bank balance, or (4) a subtraction from the bank alance.

C. NSF , Bank collection of note receivable of $800, and interest of $80. 75. e. Interest earned on bank balance, $20. f. Service charge, $10. The business credited Cash for $200. The correct amount was $2,000. - The bank incorrectly decreased the business's account by $350 for a check written by another business. lassify each item as (1) an addition to the book balance, (2) a subtraction from the pok balance, (3) an addition to the bank balance, or (4) a subtraction from the bank alance.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...

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Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35
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Which of the following items are found on a book side of the bank reconciliation? A. beginning bank balance B. outstanding checks C. interest income D. error made by bank
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