Match each of the following reconciling items to its proper placement (a-d) on the bank statement. Each letter may be used more than once. Some letters may not be used. a. Bank statement adjustment b. Company's records adjustment c. Either d. Neither Outstanding checks v NSF check Error in recording a check Bank charges Note collected by the bank Interest revenue Deposit in transit QUESTION 28 Match each of the following reconciling items to its proper treatment (a-d) on the bank reconciliation. Each letter may be used more than once. Outstanding checks a. Added to the cash balance according to the company's records b. Bank service charge b. Subtracted from the cash balance according to the company's records Deposit in transit c. Added to the cash balance according to the bank statement d. Subtracted from the cash balance according to the bank statement NSF check EFT deposit from a customer Charges for some other company's safe deposit box posted by the bank to the company's account A $1,000 note from a customer collected by the bank Interest revenue earned on a note receivable collected by the bank Check issued for $690 incorrectly recorded by the company as $960 Check issued for $420 incorrectly recorded by the company as $240 QUESTION 29 Match each of the following elements of internal control to a phrase (ae) that applies to it Control environment v Risk assessment Control procedures Monitoring Information and communication a. Provides reasonable assurance that business goals will be achieved b. Used by management for guiding operations and ensuring compliance with requirements c. Overall attitude of management and employees d. Used to locate weaknesses and improve controls e. Identifies, analyzes and assesses likeliness of vulnerabilities