4. Which of the following items should be subtracted from the balance sheet according to the company's records when preparing the bank reconciliation? a. outstanding checks b. deposits in transit c. promissory notes (notes receivable) collected by the bank d. bank service charges

5. Along with the bank statement, you receive a notification of a short-term note receivable collected by the bank. This item must be included as a. is subtracted from the cash balance according to company records. b. is added to the balance according to the bank statement. c. is subtracted from the balance according to the bank statement. d. is added to the cash balance according to company records.