Section 4 Bank Reconciliation Terminology Matching (10 Marks) Identify whether each of the following items affects the bank side or the book side of a bank statement reconciliation by writing BANK or BOOK in the line space provided (1) (2) (3) Credit memo The bank collected a $1,000 note for the depositor. The bank recorded a cheque for $958. The company wrote the cheque for $9,580 (4) (5) (6) (7) NSF cheque (8) Interest on a chequing account (9) Bank service charges (10) Outstanding cheques The bank printed cheques for the depositor. Debit memo Deposits in transit

Identify whether each of the following items affects the bank side or the book side of a bank statement reconciliation by writing BANK or BOOK in the line space provided (1) Credit memo (2) The bank collected a $1,000 note for the depositor. (3) The bank recorded a cheque for $958. The company wrote the cheque for $9,580 (4) The bank printed cheques for the depositor. (5) Debit memo (6) Deposits in transit (7) NSF cheque (8) Interest on a chequing account (9) Bank service charges (10) Outstanding cheques