19) CIBC Bank collected a $450 note from a customer for ABC Company. In preparing the bank reconciliation, identify the side this transaction would appear on.
20) Casey Company’s bank statement shows a bank balance of $43,267. The statement shows a bank service charge of $50. Casey’s book balance shows outstanding cheques of $5,288 and deposits in transit of $9,325. The bank side reconciliation would show cash of __________.
21) Bank of Montreal collected a $450 note from a customer for Cyber Company. Prepaid the journal entry to record the transaction.
22) The bank recorded a $56 deposit as $65. Determine the error amount and if the error is recorded on the book or bank side of the reconciliation.
23) Rick Company deposited a cheque for $675, but it was recorded on their books as a cheque for $576. Determine the error amount and if the error is recorded on the book or bank side of the reconciliation.
24) Bravo Bakery's bank statement shows a bank balance of $43,267. The statement shows a bank service charge of $50 and a bank collection of $760 in Bravo Bakery’s behalf. Determine the error amount and where on the bank reconciliation the error is recorded.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here