1. The CASH account in the Depositors Ledger is an what? (a)asset with debit balance (b) asset with credit balance (c) liability with a debit balance (d) liability with a credit balance 2. Following the completion of the bank rec. and adjusting entry was made that debited cash and redited...

Journal entries based on the bank reconciliation are required in the depositor's accounts for a. book errors b. outstanding checks c. bank errors d. deposits in transit Am I wrong or right?

I am in Acct 101 and have a problem concerning bank reconciliations but there is nothing in our entire book that discussed bank reconciliations. I think I can figure most of it out if I know I am pointed in the right direction. Here is my problem: Using the following information, record...

I need help with a homework problem... 1. For each of the following items, indicate whether its amount (I) affects the bank or book side of A bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation: a. Outstanding checks b. Debit memos c. NSF checks d....

Hi, I am trying to reconcile this company's bank account for homework and I have become very confused. The reconciled balance should be 34,308 and the Credit Notes Rec. should be 9000. I cannot get this and I've started over three times. Maybe someone could help? 1. After all posting is...