Identify each of the following reconciling items as: (a) an addition to the cash balance according to the bank statement, (b) a deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the companys records, or (d) a deduction from the cash balance according to the companys records. (None of the transactions reported by bank debit and credit memos have been recorded by the company.)

-Bank service charges $90.

-check of a customer returned by bank to company because of insufficient funds, $520

-Check for $420 incorrectly recorded by the company as $240.

-Check for $1,440 incorrectly charged by bank as $140.

-Deposit in transit, $5,310.

-Outstanding checks, $10,370.

-Note collected by bank, $12,600.

EX 8-17 Entries Based on Bank Reconciliation

Which of the reconciling items listed in Exercise 8-16 require an entry in the companys accounts?

-Bank service charges $90.

-check of a customer returned by bank to company because of insufficient funds, $520

-Check for $420 incorrectly recorded by the company as $240.

-Check for $1,440 incorrectly charged by bank as $140.

-Deposit in transit, $5,310.

-Outstanding checks, $10,370.

-Note collected by bank, $12,600.