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:

Cognitive Evaluation

The process of assessing, analyzing, and forming judgments about one's thoughts or mental processes.

Emotional Experience

The complex feelings and perceptions resulting from both physiological reactions and cognitive interpretations related to a stimulus.

Arousing Stimuli

External cues or signals that trigger physiological or psychological arousal, often leading to increased attention or alertness.

Overt Behavior

Observable actions or responses of an individual, which can be directly seen and recorded by others.