indicate the effect of each item listed below on the bank reconciliation.

The bank made an error. Cheque #568 for $8,400 was inadvertently processed as $4,800. The bank has been notified and will correct the error next month. 1. Increase in the general ledger cash account - journal entry required Bank service charge. 2. Decrease in the general ledger cash account - journal entry required > Outstanding cheques. 3. Increase in balance per bank statement - no journal entry required The company's accountant made an error. Cheque #570 was recorded as $890 when the proper amount was $980. 4. Decrease in balance per bank statement - no journal entry required Deposits in transit. 5. No effect on the reconciliation - no journal entry required Collection of interest earned on the bank balance. Cheque returned NSF (non- sufficient funds)