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Ted owns Ted's Blankets. Ted asks you to explain how he should treat the following reconciling items when reconciling the company's bank account. The bank charged to our account a check written by another company. A debit memorandum for a bank service charge. Outstanding checks. A deposit in transit.

Ted owns Ted's Blankets. Ted asks you to explain how he should treat the following reconciling items when reconciling the company's bank account. The bank charged to our account a check written by another company. A debit memorandum for a bank service charge. Outstanding checks. A deposit in transit.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 16MC: Which of the following are found on the bank side of the bank reconciliation? A. NSF check B....
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6 Ted owns Ted's Blankets. Ted asks you to explain how he should treat the following reconciling items when reconciling the company's bank account.

  1. The bank charged to our account a check written by another company.
  2. A debit memorandum for a bank service charge.
  3. Outstanding checks.
  4. A deposit in transit.
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