ACC 225 Week 8 CheckPoint - 1. a Bank Subtraction b Book...

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Unformatted text preview: 1. a Bank Subtraction b Book Subtraction c Book Subtraction d Bank Addition e Book Addition f Book Addition g Book Subtraction 2. Which of the items in part 1 recquire an adjusting journal entry? a No Adjustment recquired b Adjustment recquired c Adjustment recquired d No Adjustment recquired e Adjustment recquired f Adjustment recquired g Adjustment recquired 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: The company did not secure bond in case of losses. They could have recovered some of the financial loss. Bemis Company is a rapidly growing start-up business. Its recordkeeper, who was hired one year ago, left town after the company's manager discovered that a large sum of money had disappeared over the past six months. An audit disclosed that the record keeper had written and signed several checks made payablle to her fiance and then recorded the checks as salaries expense. written and signed several checks made payablle to her fiance and then recorded the checks as salaries expense....
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This note was uploaded on 02/21/2012 for the course ACC 225 acc 225 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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ACC 225 Week 8 CheckPoint - 1. a Bank Subtraction b Book...

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