Below, Preceded by Identifying Letters, Are Seven Items That Would

question 50

Essay

Below, preceded by identifying letters, are seven items that would cause XavierSales Company's book balance of cash to differ from its bank statement balance.(a)A service charge made by the bank.(b)A cheque listed as outstanding on the previous month's reconciliation that is still outstanding.(c)A customer's cheque returned by the bank marked "Not SufficientFunds."(d)A deposit consisting solely of cheques which was mailed to the bank on the last day of November and is unrecorded on the November bankstatement.(e)A cheque paid by the bank at its correct $190 amount but recorded in error in the Cheque Register at $109.(f)An unrecorded credit memorandum indicating the bank had collected a note receivable for Xavier Sales Company and deposited the proceeds in the company's account.(g)A cheque written but not yet paid or returned by the bank.Indicate where each item would appear on Xavier Sales Company's bankreconciliation by placing its identifying letter in the parentheses in the proper section of the form below.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, allowing for the expression of one's views and needs directly and respectfully.

Cooperativeness

The willingness of an individual or group to work together with others for a common goal or benefit.

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which they have control over the events that affect their lives.

Social Settings

The physical and social environments in which people live or in which something happens or develops.