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i. If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a 2 deposit of $15,000 was in transit at month
i. If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a 2 deposit of $15,000 was in transit at month end, and a check for $3,000 was erroneously charged by the bank against the account, what will be the correct balance in the bank account at month end? ii. Identify whether each of the following items would be (a) added to the book balance, (b) deducted 4 from the book balance in a bank reconciliation, (c) added to the bank balance, or (d) deducted from the bank balance. 1. Deposits in transit 2. Bank service charge 3. Collection of note and interest by bank on company's behalf 4. NSF check
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