FinMan10e_BTest_ch07

FinMan10e_BTest_ch07 - 10th Edition FINANCIAL &...

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10th Edition CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 7B Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2½%. PROBLEM 1—BANK RECONCILIATION—25% B
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TEST 7B (Concluded) INSTRUCTIONS: Indicate the proper place for each of the following reconciling items by inserting the correct letter from the bank reconciliation form below in the Answers column. Stevens Co., Bank Reconciliation, May 31, 20— Cash balance per bank statement. ................ $XX Cash balance per depositor's records. .......... $XX Additions. ........................................................ A Additions. ........................................................ C Deductions. .................................................... B Deductions. .................................................... D Adjusted balance. ........................................... $XX Adjusted balance. ........................................... $XX For Scoring ITEMS Answers 0. Customer’s check for $197 recorded in journal as $179. No error in
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deposit . ...................................................................................................... C 0. ____ 1. Bank debit memorandum for service charges, $136 . ............................... 1. ____ 2. Bank credit memorandum for loan by bank to Stevens Co., $5,000 . ....... 2. ____ 3. Canceled check for $124 but erroneously listed on bank statement as $75 . ............................................................................................................ 3. ____ 4. Check drawn by Stevens Co. for $1,178 but recorded in journal as $571 .................................................................................................................... 4. ____
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FinMan10e_BTest_ch07 - 10th Edition FINANCIAL &...

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