Bank Reconciliation Identify each of the following reconciling items as: 3. Addition to the cash balance according to the bank stateritent b. Deduction from the cash balance according to the bank statemenit c. Addition to the cash balance according to the company's records d. Deduction from the cash balance according to the company's records. (None of the transactions reported by bank-debit and credit memos have been recorded by the company) Ttem 1. Bant seevice charges, s20. 2. Cleck-drawn by company for $174 but incorrectly recorded by company as $147. 3. Checkfor s10 incorrectlv charged by bank as $100 4. Check of a customer returred by bank to company because of insufficient funds, 5240 . 5. Deposit in transit, $2,475. 6. Outstanding checis, 57,385 7. 2 ote collected by bank $5,300