Using the Code Letters Below, Indicate How Each of the Items

question 14

Essay

Using the code letters below, indicate how each of the items listed would be handled in preparing a bank reconciliation. Enter the appropriate code letter in the space to the left of each item.
A Add to cash balance per books
B Deduct from cash balance per books
C Add to cash balance per bank
D Deduct from cash balance per bank
E Does not affect the bank reconciliation
Items:
1. Outstanding checks.
2. Bank service charge.
3. Check for $420 correctly written and paid by the bank but incorrectly entered in the cash payments journal for $240.
4. Deposit in transit.
5. Bank returns deposited check marked NSF.
6. Bank collects notes receivable and interest for depositor.
7. Bank debit memorandum for check printing fees.
8. Petty cash custodian has $91 in paid petty cash vouchers that have not been reimbursed.
9. Bank charged a check against the company which should have been charged to another company.
10. A check for $246 was correctly paid by the bank but was incorrectly entered in the cash payments journal for $264.

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Definitions:

Employee Health Services

Programs and services offered by employers to maintain and promote the health and well-being of their employees.

Neutrophil Count

A measure of the number of neutrophils, which are a type of white blood cell, in the blood; important for determining the body's capacity to fight infections.

Acute Bacterial Infection

A rapid onset infection caused by bacteria, characterized by symptoms that develop quickly and are typically severe.

Urinary Catheter

A tube inserted into the bladder to provide urinary drainage when an individual is unable to urinate naturally.