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Showing posts with label Classify. Show all posts
Showing posts with label Classify. Show all posts

Tuesday, July 14, 2015

Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance

Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance:

_____ $20 in service charges
_____ A $300 check deposited that was returned NSF
_____ An outstanding check that you wrote for $2,000
_____ A deposit in transit of $5,500
_____ Bank Error: the bank credited your account for a deposit made by another customer

Click here for the solution: Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the bank balance