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

question 129

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.
9. Bank charged a check against the company, which should have been charged to
another company.
10. A check for $236 was correctly paid by the bank but was incorrectly entered in the cash payments journal for $263

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Definitions:

Production Techniques

Methods and processes used in the transformation of inputs into outputs or goods and services by a firm.

Widgets

A generic term often used to describe an unspecified or hypothetical manufactured product.

Labor

The use of mental and physical capabilities in the creation of products and services.

Efficient

Describes a system or process that achieves maximum productivity with minimum wasted effort or expense.