Following Are Seven Items (A)through (G)that Would Cause Coyle Company's

question 34

Essay

Following are seven items (a)through (g)that would cause Coyle Company's book balance of cash to differ from its bank statement balance of cash.
(a)A service charge imposed by the bank.
(b)A check listed as outstanding on the previous period's reconciliation and still outstanding at the end of this month.
(c)A customer's check returned by the bank is marked "Not Sufficient Funds.(NSF)"
(d)A deposit that was mailed to the bank on the last day of the current month and is unrecorded on this month's bank statement.
(e)A check paid by the bank at its correct $190 amount was recorded in error in the company's Check Register at $109.
(f)An unrecorded credit memorandum indicated that bank had collected a note receivable for Xavier Company and deposited the proceeds in the company's account.
(g)A check was written in the current period that is not yet paid or returned by the bank.
Indicate where each item (a)through (g)would appear on Coyle's bank reconciliation by placing its identifying letter in the parentheses in the proper section of the form below.

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Definitions:

Intelligence

The ability to learn, understand, and make judgements or have opinions that are based on reason.

Genetic Basis

The underlying genetic factors that contribute to the physical and behavioral traits of organisms.

Specific Abilities

Refers to distinct capabilities or skills that an individual may excel in, differing significantly among people.

Sports

Physical activities involving skill, competition, and often governed by a set of rules or customs.