Homework Help: accounting

Posted by Anonymous on Wednesday, February 25, 2009 at 10:11pm.

Can anyone let me know if I have these correct and if not what am I doing wrong.
1. For each of the following items, indicate whether its amount (i) affects the bank or book side of
a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation:

a. Outstanding checks d. Unrecorded deposits g. Bank service charges
b. Debit memos e. Interest on cash balance
c. NSF checks f. Credit memos
2. Which of the items in part 1 require an adjusting journal entry?

a) Bank , -
b) Books, -
c) Books, -
d) Bank, +
e) Books, +
f) Books, +
g) Books, -
2) All those that affect book

accounting - Chopsticks, Wednesday, February 25, 2009 at 11:17pm
The only thing that affects the bank side would be the outstanding checks and the Unrecorded deposits

Everything else affects the book side

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