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False difficulty medium slater chapter 004 7 3 online

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FALSE Difficulty: Medium Slater - Chapter 004 #7 3. Online Banking on the Internet is decreasing today. FALSE
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Difficulty: Hard Slater - Chapter 004 #10 4. Deposits in transit are the result of outstanding checks. FALSE Difficulty: Medium Slater - Chapter 004 #13 5. In the reconciliation process the unrecorded bank service charge is: A. Added to checkbook balance B. Deducted from checkbook balance C. Added to bank statement balance D. Deducted from bank statement balance E. None of these Difficulty: Easy Slater - Chapter 004 #21 6. The process of analyzing the differences between the bank statement balance and the checkbook balance is: Difficulty: Easy Slater - Chapter 004 #22 7. Outstanding checks: Difficulty: Medium Slater - Chapter 004 #23 8. Electronic funds transfer: Difficulty: Medium Slater - Chapter 004 #26 9. Mia Wong's checking account had a balance of $3,100.55 on July 1. After looking at her bank statement she noticed a NSF for $60.50; service charge of $12.55 and a note collected for $600. There
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was one deposit in transit for $400 and no checks outstanding. What is the reconciled checkbook balance? A. $3,527 B. $5,327.50 C. $3,627.50 D. $3,267.50 E. None of these Difficulty: Medium Slater - Chapter 004 #28 10. Jim Lee received his bank statement from Bayne Bank indicating a balance of $7,980. Lee's checkbook showed a balance of $6,800. Jim noticed that checks outstanding were $1,330. The bank statement also revealed a NSF check for $120 and a service charge of $30. The reconciled balance is: Difficulty: Medium Slater - Chapter 004 #32 11. The checkbook balance of Lester Co. is $922.55. The bank statement reveals a balance of $3,881.14. The bank statement showed interest earned of $77, a service charge of $38.22, along with a deposit in transit of $9,555.88. Outstanding checks totaled $6,142.88. The bookkeeper in further analyzing the bank statement noticed a collection of a note by bank for $6,815.00. Lester Co. forgot to deduct a check for $482.19 during the month. The reconciled balance is: Difficulty: Hard Slater - Chapter 004 #33
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