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Indicate the heading that describes the appropriate action for each of the following situations by placing an X in the appropriate column. Add to Deduct

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Indicate the heading that describes the appropriate action for each of the following situations by placing an "X" in the appropriate column. Add to Deduct Add to Deduct from Bank from Bank Chequebook Chequebook Balance Balance Balance Balance Situation 1. Cheque printing charge 2. Deposits in transit 3. NSF cheque 4. A cheque was written for $50 but was recorded by the company as $60 5. Proceeds of a note collected by the bank 6. Cheque outstanding 7. Forgot to record direct deposit payroll payment

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