ACCT HW 7.docx - Chapter 7 Homework ACCTG 1A Intro...

This preview shows page 1 - 4 out of 4 pages.

Chapter 7 HomeworkACCTG 1A Intro Financial AccountingChapter 7 Exercises7.1The balance is $3,000.Neither reported the correct balance because neither had the correctinformation about the account activity.Page 297 states “certain transactions recorded by thedepositor may have not been recorded by the bank.The most common examples are:outstanding checks, deposits in transit, service charges, charges for depositing NSF checks,credits for interest earned, misc. bank charges and credits.7.5
a.Warren ElectricBank Reconciliationb.Warren ElectricGeneral Journal31 Decc.
The $25 service charge was from the $775 NSF check by Jane Jones.
End of preview. Want to read all 4 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
IanaZemniakova
Tags
Cheque, service charges, Warren Electric

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture