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4 years ago

Match the items with the actions necessary to reconcile the bank statement.

Business

2 answers:

Leokris [45]4 years ago

8 0

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

BlackZzzverrR [31]4 years ago

7 0

Answer:

The correct answers are:

1. interest credited in bank account -- add to personal

2. fee charged by bank for returned check -- deduct from personal

3. checks issued but not deposited -- deduct from bank

4. deposits yet to be credited -- add to bank

Explanation:

As they are a credit to the holder, i.e. they add to his bank account, this item is added, i.e. it is added to him by the amount of interest credited.

As the bank is an intermediary payment institution, it adds to its policies the collection of commissions for returned checks, as well as charges you commissions for account maintenance.

When we issue checks and these are not deposited, it often happens that we in our accounting have a lower amount than the bank statement, therefore we have to deduct those values from the statement, as they will surely be deposited later.

When a bank deposit is made this late a time to be accounted in the bank statement, therefore, until this happens we have to add it up as it is a matter of time for it to reflect

Have a nice day!

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3 years ago

Trisha's firm has filled all of its key management positions with parent-country nationals. What kind of staffing policy is this

N76 [4]

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2 years ago

You got a new job as a wedding-floral consultant. Your first client tells you that the overall theme of her wedding is romantic,

Maksim231197 [3]

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3 years ago

Decision on Accepting Additional Business Homestead Jeans Co. has an annual plant capacity of 65,000 units, and current producti

Neko [114]

Answer and Explanation:

The preparation of the differential analysis is presented below:

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Costs

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($18,000 × $29)

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3 years ago

Scrimshander, Inc. is a shipping company, transporting goods using cargo ships. On January 1, 2017, the company purchases and pu

Alex17521 [72]

Answer:

Scrimshander, Inc.

a) Annual depreciation expense = $360,000

b) Net book value of the cargo ship as of December 31, 2019 = $9,280,000

c) Net book value of the cargo ship as of December 31, 2041 = $1,360,000

d) Depreciation expense for 2042 = $360,000

Explanation:

a) Data and Calculations:

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Expected useful life of the ship = 25 years

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Net book value as of December 31, 2019 = $9,280,000 ($10,000,000 - $720,000)

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3 years ago