IntAc1 Activity 02 LM01-CP02

Indicate how each of the following items should be treated on the June bank reconciliation of Sweet Corporation by clicking the appropriate choice:

A deposit of P9,510 mailed to the bank on June 30 did not appear on the bank statement.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

Indicate how each of the following items should be treated on the June bank reconciliation of Sweet Corporation by clicking the appropriate choice:

A customer check returned by the bank marked NSF.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

Proceeds from a note discounted by the bank, principal amount P90,000 at 12%.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

A check drawn had been entered in the book of accounts as P2,320 but was deducted on the bank statement in the correct amount of P2,230.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

The current bank statement shows a deduction of P8,000 for the monthly loan amortization.

• Addition to cash balance per cash account

• Addition to cash balance per book

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

A check of Sweet had been deducted by the bank from the Tweet company's account by mistake.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

A P25,000 proceeds from note collected by bank (reflected on both the company books and the bank statement).

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

The credit of P2,750 on the bank statement for semiannual interest collected by bank for the company on pledged bonds.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

A P6,250 bank deposit not shown on the bank statement

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement

Checks drawn totaling P86,000, not shown on the bank statement.

• Addition to cash balance per book

• Addition to cash balance per bank statement

• Exclude it from the reconciliation

• Deduction from cash balance per book

• Deduction from cash balance per bank statement