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Practice · P2

Which side of the reconciliation?

Sort each item onto the bank side or the book side. Every miss tells you why.

0 of 9 · 0 tries
  1. 1.Deposit in transit

  2. 2.Outstanding check

  3. 3.Bank error: another customer's $40 check charged to us

  4. 4.Note collected by the bank

  5. 5.Interest earned

  6. 6.Bank service charge

  7. 7.NSF check

  8. 8.Check written for $56 recorded as $65

  9. 9.Deposit of $520 recorded in books as $250

Practice · P1

Journalize the 9 situations yourself

0 of 9 solved

Establish a $100 petty cash fund.