Identify the choice that best completes the statement or answer the question Which of the following would be subtracted from the balance per bank on a bank reconciliation Outstanding checks Deposits in transit Notes collected by the bank Service charges The amount of the outstanding checks is included on the bank reconciliation as a(n) deduction from the balance per company's records addition to the balance per bank statement deduction from the balance per bank statement addition to the balance per company's records When merchandise sold is assumed to be in the order in which the expenditures were the inventory method is called first-in, last-out last-in, first-out first-in, first-out average cost During a period of consistently rising prices, the method of inventory that will result in reporting the cost of merchandise sold is FIFO LIFO average cost weighted average Accompanying the bank statement was a debit memo for an NSF check received for a customer. would be included on the bank reconciliation as a(n) deduction from the balance per company's records addition to the balance per bank statement deduction from the balance per bank statement addition to the balance per company's records