Hello I need help with the following questions rConnect x G

Hello, I need help with the following question(s):

rConnect x G Google x Chegg Study | Guided Sol x ? | Secure l https://newconnect.mheducation.com/flow/connect.html Ch 6 Exercises Help Save & Exit Submit Saved Check my work 5 QS 6-5 Bank reconciliation LO P3 1 & 2. For each of the following items, indicate whether its amount affects the bank or book side of a bank reconciliation and represents an addition or a subtraction in a bank reconciliation and whether an adjusting journal entry isrequired pcinis Items Bank or Book Addition or SubtractionAdjusting entry required eBook a Interest on cash balance b. Bank service charges c. Debit memos d. Outstanding checks e. Credit memos f NSF checks g Outstanding deposits Piint References Mc Graw 11:51 PM O Type here to search ^ 41) 7/8/2018

Solution

Answer:

Items

Bank or Book

Addition or Subtraction

Adjusting entry required

a.

Interest on cash balance

Book

Addition

Yes

b.

Bank service charges

Book

Subtraction

Yes

c.

Debit memos

Book

Subtraction

Yes

d.

Outstanding checks

Bank

Subtraction

No

e.

Credit memos

Book

Addition

Yes

f.

NSF checks

Book

Subtraction

Yes

g.

Outstanding deposits

Bank

Addition

No

	Items	Bank or Book	Addition or Subtraction	Adjusting entry required
a.	Interest on cash balance	Book	Addition	Yes
b.	Bank service charges	Book	Subtraction	Yes
c.	Debit memos	Book	Subtraction	Yes
d.	Outstanding checks	Bank	Subtraction	No
e.	Credit memos	Book	Addition	Yes
f.	NSF checks	Book	Subtraction	Yes
g.	Outstanding deposits	Bank	Addition	No