How each item should be shown on a bank reconciliation

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Reference no: EM131828337

Question: 1. Luke Roye is uncertain about the control features of a bank account. Explain the control benefi ts of (a) a checking account and (b) a bank statement.

2. The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how each item should be shown on a bank reconciliation.

(a) Outstanding checks.

(b) Bank debit memorandum for service charge.

(d) Deposit in transit.

Reference no: EM131828337

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