Zapata is preparing her annual taxes for her retail clothing business, La Calidad. She has been performing quarterly reconciliations of her accounts and is about to do her final quarterly review. She begins with an analytical review, and then, digs deeper if a discrepancy is noted. Review the source documents and statements below to answer the questions. Compare the two documents below to reconcile the bank account. Then, determine which of the following are errors. (Select all that apply)1 pointThe balance totaled on 10/27 and 11/01 is incorrectThe charge on 12/21 was transposed incorrectlyThe ledger omitted the bank tax on 12/10 The bank omitted the check deposit on 11/14

The discrepancy between the ending balance on the bank statement and the balance in the depositor's cash account on the same day, is normally attributable to Blank______.Multiple choice question.bank errorstiming differencesdepositor accounting errors

For which of the following errors should the appropriate amount be added to the balance per bank on a bank reconciliation? Group of answer choices Cheque for $68 recorded as $86 A returned $400 cheque recorded by bank as $40 Deposit of $350 recorded by bank as $35 Cheque for $93 recorded as $39

If a cheque correctly written and paid by the bank for $354 is incorrectly recorded on the company's books for $345, the appropriate treatment on the bank reconciliation would be to:

Which of the following would be added to the ending balance as per the bank statement toenable reconciliation of that balance to the Cash at Bank account balance:(a) Dishonoured cheque(b) Cash receipt journal error recording cash of $454 which should have been recorded as$445(c) Unpresented cheque(d) Deposit not yet credited(e) Bank error in processing a receipt crediting $463 whereas $436 should have beencredited

20.Question 20Which of the following best describes the Report Method of Reconciliation?1 pointThe method of reviewing source documents to prepare for tax returns.The method of writing a bank statement reconciliation to complete an end of month close on the cash account.The method of comparing the amount listed in the source document to the actual ending balance listed on the balance sheet.The method of using the equation A=L+E to determine if the books are balanced.