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5) Classify each of the following reconciling items of the Tie and Tac Company as: 51 a) an addition to the bank balance bj a
5) Classify each of the following reconciling items of the Tie and Tac Company as: 51 a) an addition to the bank balance bj a deduction from the bank balance c) an addition to the book balance d) a deduction from the book balance B) not a reconciling item 1. Bank service charges 2. Bookkeeper recorded cheque #048 as $890 instead of the correct amount of $963 1 3. Collection of note receivable plus interest revenue by bank 4. Deposits in transit 5. Bank added deposit to Tic and Tac's account in error B. Bank charge for printing cheques 7, Outstanding cheques B. Bookkeeper failed to record a cheque that was returned with the bank statement 9. Cheque returned by the bank marked NEF 10. Bank withdrew from Tic and Tac's account $1,100 for a cheque written for $110 1 11 11
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