Indicate Whether the Firm Should Add or Subtract Each Item

question 66

Essay

Indicate whether the firm should add or subtract each item below from its balance of cash or the bank's balance of cash in preparing a bank reconciliation.

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Definitions:

Chert Formation

The process by which chert, a hard, fine-grained sedimentary rock composed of microscopic silica particles, is formed, often in deep marine environments.

Seawater

A solution of various salts and minerals found in the world's oceans.

Sandstone Beds

Layers of sedimentary rock predominantly composed of sand-sized particles, often used as aquifers and in construction materials.

Marine Shales

Marine shales are fine-grained sedimentary rocks formed from the accumulation of silt and clay in a marine environment, known for their rich organic material content.