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gOOvER gOOvER
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7 years ago
Classify each of the following reconciling items of the Tic and Tac Company as:
a) an addition to the bank balance
b) a deduction from the bank balance
c) an addition to the book balance
d) a deduction from the book balance
e) not a reconciling item

1.   Bank service charges   ________
2.   Bookkeeper recorded cheque #849 as $693
   instead of the correct amount of $963   ________
3.   Collection of note receivable plus interest revenue by bank   ________
4.   Deposits in transit   ________
 5.   Bank added deposit to Tic and Tac's account in error   ________
6.   Bank charge for printing cheques   ________
7.    Outstanding cheques   ________
8.   Bookkeeper failed to record a cheque that
   was returned with the bank statement   ________
9.   Cheque returned by the bank marked NSF   ________
10.   Bank withdrew from Tic and Tac's account $1,100
   for a cheque written for $110   ________
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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7 years ago
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