The following is a detailed bank reconciliation for Sage Hill Limited for October.

Sage Hill Ltd. Bank Reconciliation October 31
Cash balance per bank statement				$6,731
Add: Bank error		$610
Deposits in transit		1,530		2,140
				8,871
Less: Outstanding cheques				504
Adjusted cash balance per bank				$8,367
Cash balance per books				$7,350
Add: Collection of note receivable				2,100
				9,450
Less: Correction of cheque #1581 error for Payment on account ($685 - $658)		$27
NSF cheque Tyler Moore		1,005
Bank Service charge		41
Correction in May 12 deposit of cash sales ($897 $887)		10		1,083
Adjusted cash balance per books				$8,367

Provide the effect (Increase, Decrease, or No Effect) the journal entries for the reconciling items will have of the financial statement items listed below:

Item 1		Collection of note receivable		2,100
Item 2		Payment on account		27
Item 3		NSF cheque Tyler Moore		1,005
Item 4		Bank service charge		41
Item 5		Correction in May 12 deposit of cash sales ($897 $887)		10

		Balance Sheet			Income Statement
Item		Assets	Liabilities	Owner's Equity	Revenue	Expenses	Profit
1		IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect
2		IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect
3		IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect
4		IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect
5		IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect	IncreaseDecreaseIncrease and DecreaseNo Effect