Reference no: EM132872254
1. What are some reasons that cause the balance on the bank statement to differ from the cash balance on the books?
2. When does a negative cash balance appear on the balance sheet?
3. What journal entries are prepared in a bank reconciliation?
4. In a bank reconciliation, what happens to the outstanding checks of the previous month?
5. What is an unpresented cheque or check and does it require an adjustment to the balance sheet?
6. What adjustment is needed when a check that was written in a previous month appears on the current month's bank statement?
7. Should receipts be recorded using the date the money was received or the date the money was deposited in the bank accounts?
8. Where is the premium or discount on bonds payable presented on the balance sheet?
9. If a company issues stocks or bonds to pay outstanding debt, should this noncash transaction be included in the cash flow statement?
10. What does it mean to amortize the premium, discount, and issue costs on bonds payable?
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: 1. What are some reasons that cause the balance on the bank statement to differ from the cash balance on the books?
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