Question
In: Accounting
Whitney Company received its February bank statement, which included a memo indicating that the check of Colon Company for $870
Whitney Company received its February bank statement, which included a memo indicating that the check of Colon Company for $870 had been returned as “NSF” Whitney's bank reconciliation should list this check as a(n):
Deduction from balance per general ledger
Deduction from balance per bank statement
None of the above
Addition to balance per general ledger
Addition to balance per bank statement
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Company received a bank statement showing a balance of $310,000. Reconciling items included outstanding checks of...
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310 k
310,200
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Daisy Company received a bank statement for February, as follows: Date Checks Deposits Balance Feb. 1...
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follows:
Date
Checks
Deposits
Balance
Feb.
1
$ 4,524.80
7
$ 2,700.33
$8,642.61
9
3,484.81
14
6.00
SC
460.00
CM
16
274.09
21
4,133.60
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23
69.69
NSF
28
$ 6,344.38
SC = Service Charge; NSF - Check Returned; CM = Credit Memo; DM
= Debit Memo
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●
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