In: Accounting
A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.)
Bank Balance | Book Balance | Shown or Not Shown on Reconciliation | |||
1 | The company hired a new treasurer | NA | NA | NA | Not Shown |
2 | Check written by another depositor but charged against this company's account. | Added | NA | Shown | |
3 | Bank service charge. | NA | Subtracted | Cr. | Shown |
4 | NSF check shown on bank statement but not yet recorded by company. | NA | Subtracted | Cr. | Shown |
5 | Bank fees for check printing are not yet recorded by the company. | NA | Subtracted | Cr. | Shown |
6 | Interest earned on the account. | NA | Added | Dr. | Shown |
7 | Checks outstanding on August 31 that cleared the bank in September. | NA | NA | Not Shown | |
8 | Check written but not recorded | NA | Subtracted | Cr. | Shown |
9 | A note receivable is collected by the bank for the company but not yet recorded by the company. | NA | Added | Dr. | Shown |
10 | Checks written and mailed to payees on October 2. | NA | NA | NA | Not Shown |
11 | Checks written and mailed to payees on Sep 30 | Subtracted | NA | NA | Shown |
12 | Deposit made on September 30 after the bank closed. | Added | NA | NA | Shown |