The following reconciling items are applicable to the bank reconciliation for Ellington Company: (1) outstanding checks, (2) bank debit memorandum for service charge, (3) bank credit memorandum for...


The following reconciling items are applicable to the bank reconciliation for Ellington Company: (1) outstanding checks, (2) bank debit memorandum for service charge, (3) bank credit memorandum for collecting a note for the depositor, and (4) deposits in transit.


Indicate how each item should be shown on a bank reconciliation.

























































(1)
Outstanding checks                                                           Deducted from Cash Balance Per BooksDeducted from Cash Balance Per BankAdded to Cash Balance Per BankAdded to Cash Balance Per Books

(2)
Bank service charge                                                           Deducted from Cash Balance Per BankAdded to Cash Balance Per BankAdded to Cash Balance Per BooksDeducted from Cash Balance Per Books

(3)
Collection of note by bank                                                           Added to Cash Balance Per BankDeducted from Cash Balance Per BankAdded to Cash Balance Per BooksDeducted from Cash Balance Per Books

(4)
Deposits in transit



Jun 03, 2022
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