Identify How Each of the Following Items Would Be Treated

question 84

Essay

Identify how each of the following items would be treated on a bankreconciliation by entering one of the following codes in the space provided. 1. Outstanding cheques.2. Deposits in transit.3. Cheque #32, subtracted from the bank balance on last month's bank reconciliation, was returned with this month's statement.4. Included with the bank statement was a debit memo for bank servicecharges.5. Cash receipts placed in the bank's night depository after banking hours were not included on the bank statement prepared on the same date.6. Cheque #47 was written and recorded by the bank as $753. The business recorded the cheque as $735.7. A cheque listed as outstanding on last month's bank reconciliation was not returned with the current month's cancelled cheques.8. A deposit listed as outstanding on last month's bank reconciliationappeared as a deposit on the current month's bank statement.9. A credit memo enclosed with the bank statement shows that the bank collected a note on behalf of the account holder.10. A debit memo enclosed with the bank statement shows that the bankpaid a note on behalf of the account holder.

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Definitions:

Barrel Chest

A rounded, bulging chest shape often associated with chronic obstructive pulmonary disease (COPD) and other respiratory conditions.

Common Cold

A viral infectious disease that primarily affects the nose and throat, characterized by coughing, sneezing, and a runny nose.

Influenza

A highly contagious viral infection that attacks the respiratory system, characterized by symptoms like fever, cough, and muscle aches.

Allergy

An immune system reaction to a foreign substance (allergens) that is not typically harmful to the body.