drag the tiles to the correct location on the table. match each adjustment for reconciling a checking…
drag the tiles to the correct location on the table. match each adjustment for reconciling a checking account to the correct document. deduct outstanding checks. deduct nsf fee. add interest earned. deduct bank service charges. bank statement check register
Answer
Brief Explanations:
Outstanding checks are deducted from the bank statement balance as the bank is not yet aware of them being issued. NSF (Non - Sufficient Funds) fees, bank service charges, and interest earned are adjustments made in the check register. The check register reflects the account holder's records and these items need to be accounted for to reconcile with the bank statement.
Answer:
| Bank Statement | Check Register |
|---|---|
| Deduct outstanding checks | Deduct NSF fee, Deduct bank service charges, Add interest earned |