1. Signify YES or NO as applicable for each of the following bank reconciliation reconciling items to indicate whether a business would need to record an adjusting entry for the item.

4.1 Outstanding checks

a) Yes b) No

4.2 NSF checks

a) Yes b) No

4.3 Bank service charges

a) Yes b) No

4.4 Bank interest

a) Yes b) No

4.5 Bank collections on behalf of the business

a) Yes b) No

4.6 Deposits in transit

a) Yes b) No

4.7 Bank errors on the bank statement

a) Yes b) No

4.8 Business errors in the cash general ledger account

a) Yes b) No