Reference no: EM132957982

Problem 1: The bank charged another company's cheque against our account, this would be included on the bank reconciliation as a(n)

A) addition to the balance per books.

B) subtraction from the balance per books.

C) addition to the balance per bank.

D) subtraction from the balance per bank.

Problem 2: Determine the unadjusted balance per bank statement given the following:

The balance per general ledger is $200

There is a credit memo for a note collected, $450

There is a debit memo for interest expense, $100

There is a debit memo for a customer's NSF cheque $375

Outstanding cheques amount to $2,000

This month's service charge amounts to $50

Deposits in transit amount to $1,500

Problem 3: Which of the following is an optional payroll deduction?

A) Charitable Contributions

B) Income Taxes

C) Canada Pension Plan

D) Employment Insurance