queenlexy88
Feb 22, 2011, 08:15 PM
The cash account for interactive system at February 28, 2010, indicated a balance of $7,635. The bank statement indicated a balance of $13,333 on February 28, 2010. Comparing the bank statement and the accompanying canceled checks and memos with the records reveal the following reconciling items:
A) Checks outstanding totaled $4,118
B) A deposit of 4,500, represent receipts of February 28, had been made too late to appear on the bank statement.
C) The bank had collected $5,200 on a note left for collection. The face of the note was $5,000.
D) A check for $290 returned with the statement had been incorrectly recorded by interactive system as $920. The check was for the payment of an obligation to busser co. for the purchase of office supplies on account.
E) A check drawn for $415 had been incorrectly charged by the bank as $145.
F) Bank service changes for February amounted to $20
A) Checks outstanding totaled $4,118
B) A deposit of 4,500, represent receipts of February 28, had been made too late to appear on the bank statement.
C) The bank had collected $5,200 on a note left for collection. The face of the note was $5,000.
D) A check for $290 returned with the statement had been incorrectly recorded by interactive system as $920. The check was for the payment of an obligation to busser co. for the purchase of office supplies on account.
E) A check drawn for $415 had been incorrectly charged by the bank as $145.
F) Bank service changes for February amounted to $20