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ACCT 216 WEEK 3 HOMEWORK
1. Classify the following items as (a) an addition to the bank balance, (b) a subtraction from the
bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance:
_ Deposits in transit
_ Non-sufficient funds check
_ Outstanding checks
_ Bank Service Charge
_ Bank Error: the bank debited our account for a deposit made by another customer
2. During 2013, Jimmy Enterprises completed the following transactions:
a. Sales revenue on account, $620,000.
b. Collections on account, $365,000
c. Write-offs of uncollectibles, $15,000