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Indicate whether the firm should add or subtract each item below from its balance of cash or the bank's balance of cash in preparing a
Indicate whether the firm should add or subtract each item below from its balance of cash or the bank's balance of cash in preparing a bank reconciliation. The first answer is provided as an example. (Select "No entry" if an item is not a reconciling item.) Reconciliation Items 1. Checks outstanding 2. NSF checks from customers 3. Deposit recorded twice by company 4. EFT to pay rent not recorded by the company 5. Deposits outstanding 6. Bank service fees Bank Balance Subtract Company Balance No entry
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