ADD DEDUC ADD DEDUC то RECONCILING ITEMS T FROM то T FROM BOO BOOK BANK BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.

ADD DEDUC ADD DEDUC то RECONCILING ITEMS T FROM то T FROM BOO BOOK BANK BANK K Jodi Dela Cruz Company had a receipt of P 100,000 and correctly prepared its bank deposit slip for P 100,000. However, the company recorded the receipt in its Cash account as P 101,000. How is the difference of P1,000 handled on the bank reconciliation? Blaze Mudlong wrote a check worth P 64,000 and it cleared the bank for P 64,000. However, the company recorded the check in its Cash account as P46,000. How is the difference of P18,000 handled on the bank reconciliation? Bank erroneously posted another company's credit memo to MN Mitz Company's bank account Bank inadvertently charged Mikka Joson Company's bank account for another company's bank fees Bank service charge Deposit in transit Fee charged by bank for returned check Interest credited to bank account Outstanding check The bank collected a Note Receivable for the Acer Garcia Corporation and credited the company's bank account for P 1,000,000.

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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Similar questions

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