Identify Each of the Following Reconciling Items in the Bank

question 53

Essay

Identify each of the following reconciling items in the bank reconciliation process as being a reconciling item either on the bank's side (Bank)or on the company's side (Book)of the bank reconciliation.
_____ 1.A bank fee for printing new checks
_____ 2.Team Shirts correctly deposited a check for $882.The bank recorded the check as $828.
_____ 3.Outstanding checks
_____ 4.Deposits in transit
_____ 5.Team Shirts deposited a check that it had recorded as $89.00.The bank correctly recorded the check as $98.

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Definitions:

External Stimuli

Environmental factors or influences that can elicit a physiological or psychological response from an individual.

Optimal

The best or most favorable condition, level, or amount of something for a particular situation or purpose.

Sleep

A natural and periodic state of rest during which consciousness of the world is suspended.

William James

A pioneering American psychologist and philosopher who made significant contributions to the fields of psychology, educational psychology, philosophy, and pragmatism.