1 Ned Douglas owns Ned's Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company's bank account Outstanding checks A deposit in transit The bank charged to our account a check written by another company A debit memorandum for a bank service charge 2 3 Add to balance per bank Deduct from balance per books Add to balance per book Deduct from balance per bank Add to balance per bank and notify the bank of its error r