Question

a $1,000 note from one of your customers was collected by the bank interest revenue earned...

a $1,000 note from one of your customers was collected by the bank interest revenue earned by the note above EFT deposit from a customer deposit in transit outstanding checks NSF check bank service charge charges for some other company’s safe deposit box were posted to your account 1. added to the company’s books 2. bubtracted from the company’s books 3. added to the bank statement balance 4. subtracted from the bank statement balance

Homework Answers

Answer #1

a $1,000 note from one of your customers was collected by the bank-----added to the company books

interest revenue earned by the note above--------added to the company books

EFT deposit from a customer--------------added to the company books

deposit in transit - - - - - - - - - - added to bank statement balance

Outstanding checks - - - - - - - subtracted from the bank statement balance

NSF check-------- subtracted from the bank statement balance

Bank service Charge - - - - - subtracted from the bank statement balance

charges for some other company’s safe deposit box were posted to your account - - - - - - - added to the bank statement balance

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