61) A check was written by a business for $507 but was recorded in the journal as $705. How would 61) this error be included on the bank reconciliation? A) a deduction on the bank side C) a deduction on the book side B) an addition on the book side D) an addition on the bank side 62) The bank recorded a $3,000 deposit as $300. How would this information be included on the 62) bank reconciliation? A) an addition on the bank side C) an addition on the book side B) a deduction on the bank side D) a deduction on the book side 63) A check for which a maker's bank account has inadequate money to pay the check is known as 63) a(n) A) restrictive check C) nonsufficient funds check B) canceled check D) outstanding check 64) The following information is available for Ellen's Fashions, Inc. for the current month. 64) Book balance end of month$7,100 Outstanding checks Deposits in transit Service charges nterest revenue 4,000 50 What is the adjusted book balance on the bank reconciliation? A) $7,050 B) $10,250 C)$6,950 D) $7,750 65) A company received a bank statement showing a balance of $79,000. Reconciling items included 65) outstanding checks of $2,300 and a deposit in transit of $9,400. What is the company's adjusted bank balance? A) $67,300 B) $86,100 C) $71,900 D) $69,600 66) In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is $2,105. 66) Which of the following is the most probable reason for the checkbook balance being larger than the bank balance? A) The bank received an EFT from a customer. B) The bank has not cleared certain outstanding checks. C) A deposit in transit was made at the end of the month. D) The bank has added interest revenue to the account balance