Hmwk 09 - Young Suk Choi(D7 24808709 MGMT 30A Brief exercises BE7-6 The following reconciling items are applicable to the bank reconciliation for

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Young – Suk Choi (D7) 24808709 MGMT 30A Feb 25, 2008 Brief exercises BE7-6. The following reconciling items are applicable to the bank reconciliation for Pileggi Co. Indicate how each item should be shown on bank reconciliation. a. Outstanding checks. o The outstanding checks should be subtracted from cash balance per bank statement or it should be in the less part. Ex> less: outstanding checks No. 345 $3000 No. 356 $4000 b. Bank debit memorandum for service charge. o The memorandum for service charge also is also to be shown subtract thing as outstanding checks. Ex> Less: Bank service charge $3294 c. Bank credit memorandum for collecting a note for the depositor. o It should be recorded as adding list. d. Deposit in transit. o It should be recorded as Add. Usually, it is recorded right after cash balance per bank statement to add the amount of deposit in transit. Ex> Cash balance per bank statement $345 Add: Deposits in transit $324 BE7-7. Using the data in BE7-6, indicate (a) the items that will result in an adjustment to the
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This note was uploaded on 04/22/2008 for the course MGMT 30B taught by Professor Tian during the Winter '08 term at UC Irvine.

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Hmwk 09 - Young Suk Choi(D7 24808709 MGMT 30A Brief exercises BE7-6 The following reconciling items are applicable to the bank reconciliation for

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