ASSIGNMENT 21 Problem 21-1: Indicate balance affected on Bank Reconciliation, whether item is added or subtracted, and amount of adjustment. For each item taken from the August Bank Reconciliation Statement of Cohen Market, indicate which balance is affected on the Bank Reconciliation Statement, whether the item is added to or subtracted from the balance, and the amount of the adjustment. Item Balance Add/Subtract Amount Outstanding checks, $1,600.05 . b. Bank charge, $4.00 Deposit in transit, $301.97 C. Bank error in recording $60.00 cancelled check; bank recorded it as $50.00 Checkbook error for August 19 deposit of $123.11; company recorded in checkbook as $132.11 d. . Problem 21-2: Compute bank balance. Given the following information, compute the November 30 bank balance for Herman's Shop. $4.762.35 Checkbook balance, October 31 Cash receipts in November (All receipts were deposited before the end of the month and appeared on the Herman's bank statement.) 10,216.14 8,391.15 Total payments by check in November Total checks outstanding as of November 30 500.00