Following are seven items a through g that would cause Rembrandt Company's book balance of cash to differ from its bank statement balance of cash.a. A service charge imposed by the bank.b. A check listed as outstanding on the previous period's reconciliation and still outstanding at the end of this month.c. A customer's check returned by the bank is marked "Not Sufficient Funds (NSF)".d. A deposit mailed to the bank on the last day of the current month and not recorded on this month's bank statement.e. A check paid by the bank at its correct $190 amount recorded in error in the company's check register at $109.f. An unrecorded credit memorandum indicating that bank collected a note receivable for Rembrandt Company and deposited the proceeds in the company's account.g. A check written in
the current period that is not yet paid or returned by the bank.Indicate where each item, letters a-g, would appear on Rembrandt Company's bank reconciliation by placing its identifying letter in the parentheses in the proper section of the form below.Bank statement cash balance?Book balance of cash?Add:( )Add:( )?( )?( )?( )?( )Deduct:( )Deduct:( )?( )?( )?( )?( )????Reconciled balance?Reconciled balance?
What will be an ideal response?
| Bank statement cash balance | ? | Book balance of cash | ? |
| Add: | (d) | Add: | (f ) |
| ? | ( ) | ? | ( ) |
| ? | ( ) | ? | ( ) |
| ? | ( ) | ? | ( ) |
| Deduct: | (b) | Deduct: | (a) |
| ? | (g) | ? | (c) |
| ? | ( ) | ? | (e) |
| ? | ( ) | ? | ( ) |
| Reconciled balance | ? | Reconciled balance | ? |
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Answer the following statement true (T) or false (F)
The equestrian supplies salesperson received disagreement signals from the stable owner to whom she is trying to sell a new ointment for treating localized infections. She should:
A. maintain the sales pressure knowing that the stable owner will buy the product. B. ask a series of "yes" or "no" questions to increase the stable owner's involvement. C. give up and look for another buyer. D. temporarily reduce pressure on the stable owner to buy. E. aggressively continue the planned presentation.
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a. preferential b. taxing c. discounting d. profitability
Noncash investing and financing activities may be disclosed in:
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